Andover, Inc had a gross margin for the month of February totaling $42,000. They sold 5,000 units during the month at a sales price of $20 per unit. What was the amount of Cost of Goods Sold for the month?
A) $100,000
B) $42,000
C) $58,000
D) none of these
C
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Selling and administrative expenses are billed and paid the month after they occur. Selling and administrative expenses have both a fixed and a variable component. The fixed component is a constant $8,000 a month. The variable component equals 5 percent of revenues. Given revenues of $300,000 for January, $350,000 for February, and $400,000 for March, what would be the budgeted selling and
administrative expenses that would be paid in March? a. $8,000 b. $16,500 c. $25,500 d. $23,000
Debits to Cost of Goods Sold typically represent the
a. transfer of completed items to Finished Goods Inventory. b. costs of items sold. c. selling price of items sold. d. the cost of goods manufactured.
List and briefly describe each activity of the SDLC core processes Build, test, and integrate system components and Complete system tests and deploy solution
In the ________ year, Captain Jack Automobiles is likely to realize a cumulative profit of approximately $(680,000,000 ) with a probability of at least 0.95
A) fourth B) third C) second D) first