Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company has a beginning inventory of $60,000 and

A company has a beginning inventory of $60,000 and purchases during the year of $130,000....

70.2K

Verified Solution

Question

Accounting

A company has a beginning inventory of $60,000 and purchases during the year of $130,000. The beginning inventory consisted of 3,000 units and 6,000 units were purchased during the year. The company has 5,000 units left at year - end. Under average - cost, what is Cost of Goods Sold? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.)
A. $190,000
B. $130,000
C. $84,440
D. $126,660
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Solve the equation 4y 7 5y 3 a y 3 c y 15 b y...

Finance
1.2K views

What is the purpose of a financial ratio analysis? Identify and define a financial ratio for...

Physics
1.2K views

sphere of mass M is attached to a massless spring of spring contant K It...

Basic Math
1.2K views

2 Which one of the following is the correct sign diagram for the function y...

Basic Math
1.2K views

Juniper Design Limited of Manchester England is a company specializing in providing design services to...

Calculus
1.2K views

At noon t 0 Alicia starts walking along a long straight road at 5 mi...

Accounting
1.2K views

Financial Statement The following are the amounts of the assets and liabilities of Journey Travel...

Accounting
1.2K views

Required information Skip to question [The following information applies to the questions displayed below.]...

Accounting
1.2K views

For 2021, XYZ Manufacturing uses machine-hours as the only overhead cost-allocation base. The budgeted manufacturing...

Accounting
1.2K views

Prepare the required cash budgets for Constructing budepts Bolle Cross Py Statement...

Accounting
1.2K views

2 https:// Check my work mode : T his shows what is correct or incorrect...

Accounting
1.2K views

Multiple Select Question Select all that apply At the end of the previous year,...