For the current fiscal year, Purchases were $245,000, Purchase Returns and Allowances were $8,600, Purchase Discounts were $2,200 and Freight In was $32,000. If the beginning merchandise inventory was $60,000 and the ending merchandise inventory was $75,000, the Cost of Goods Sold is:
A. $272,800
B. $281,200
C. $266,200
D. $251,200
Answer: D
You might also like to view...
A(n) ______ innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
A. procedural B. process C. product D. transformational E. adaptive
Explain the conflict-handling styles a manager might adopt. Give an example of each. Under what circumstances is each style appropriate?
What will be an ideal response?
________ involves the process of defining the marketing mix variables so that target customers have a clear, distinctive, desirable understanding of what the product does or represents in comparison with competing products.
A. Allocation B. Target marketing C. Market segmentation D. Value capture E. Market positioning
If the actual hourly rate is greater than the standard hourly rate, the labor rate variance is labeled unfavorable (U).
Answer the following statement true (T) or false (F)