Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. artworks sold canvases and had $1,110 in goods ava

Artworks sold canvases and had $1,110 in goods available for sale. The end-of-period inventory count...

80.2K

Verified Solution

Question

Accounting

Artworks sold canvases and had $1,110 in goods available for sale. The end-of-period inventory count of canvases revealed the following:

Cost per unitTotal Cost10 units from May 1$5.50$55.0020 units from June 30$6.25$125.00Cost of ending inventory$180.00

Given the above information, what is Artworks cost of goods sold using the specific identification method?

Multiple choice question.

$930

$1,290

$1,110

$180

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

Medical Sciences
1.2K views

Give ONE specific homeostatic imbalance in which the immune system, endocrine system and nervous system are...

Physics
1.2K views

1. A 31 kg crate full of fruits is placed on an incline that is 17â—¦...

Psychology
1.2K views

in your own words 1. What is an organization, and what elements of an organization, per...

Advance Math
1.2K views

solve y' +(x+2/x)y =(e^x)/x^2 ; y(1)=0

Advance Math
1.2K views

x^2 y ?? + xy? + ?y = 0 with y(1) = y(2) and y...

Advance Math
1.2K views

PLEASE ANSWER ALL 3 WILL THUMBS UP 1) A force of 540 newtons stretches a spring...

Basic Math
1.2K views

Find the y-intercept of the function. Give your answer as an ordered pair.g (x) =...

Accounting
1.2K views

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The...

Accounting
1.2K views

Please do the 6 highlighted questions transaction controls, or political risk. 7. The...

Accounting
1.2K views

Public and Private are specific examples of ownership of Public Assembly Vacilities. Which of the...

Finance
1.2K views

Determine the optimal number to order D = 5,000 units per year S = $49...

Accounting
1.2K views

Michael Ivanhoe, Concord & Ivanhoe Fabricators' production manager, has just completed the company's production budget...