A furniture retailer has a beginning-of-year inventory (at cost) of $400,000; ending inventory (at cost) is $270,000 . Yearly purchases are $700,000 and transportation charges equal $5,700 . The retailer's cost of goods sold is _____
a. $570,000
b. $575,700
c. $835,700
d. $1,105,700
c
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Which of the following is true for services?
A) All services are people-based, while goods are equipment-based. B) Service providers can be both for-profit or nonprofit. C) All service companies follow the same process to deliver their services. D) The client's presence is a hindrance during the service delivery process. E) Service providers develop similar marketing programs for personal services and business services.
Both U.S. GAAP and IFRS specify the asset measurement basis for financial reporting and _____ is the initial measurement attribute for most assets
a. Current Replacement Cost b. Net Realizable Value c. Fair Value d. Present Value of Future Net Cash Flows e. Acquisition cost
Use the Gantt chart and the activity list to determine which resource is used the least
Activity Resources Activity Resources A 1 F 2 B 1 G 3 C 4 H 4 D 2 J 3 E 2 K 5 A) Resource 1 B) Resource 3 C) Resource 4 D) Resource 2
Customers demand muffalettas at the rate of 20 sandwiches per hour. Use the information in Table 5.4 to determine which tasks are assigned to station 3 in the most efficient balance that meets the desired output rate exactly
A) EGIJ B) EGI C) CFHE D) FHEG