Tamarisk, Inc. has the following inventory dа ta:
Nov. 1 Inventory 31 units @ $6.20 each
8 Purchase 125 units @ $6.70 each
17 Purchase 62 units @ $6.55 each
25 Purchase 94 units @ $6.90 each
A physical count of merchandise inventory on November 30 reveals that there are 104 units on hand. Assuming that the specific identification method is used and that ending inventory consists of 31 units from each of the three purchases and 11 units from the November 1 inventory, cost of goods sold (rounded) is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tamarisk, Inc. has the following inventory dа ta: Nov. 1 Inventory 31 units @ $6.20 each 8 Purchase 125 units @ $6.70 each 17 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On December 31, 2017, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 7% stock dividend on June 30, 2018. On September 30, 2018, 30,000 shares of common stock were reacquired as treasury stock.
Answers (1)
Which of these is an example of an influencer
Answers (1)
Business owners who prefer to maintain their businesses at a manageable size are called: A. macropreneurs B. intrapreneurs C. micropreneurs D. home workers
Answers (1)
In 2018, Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $200,000. Over the years, Jessica had made $20,000 of nondeductible contributions and $60,000 of deductible contributions to the account.
Answers (1)
Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared? a.
Answers (1)
New Questions in Business
Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $72, and the book value per share is $7. The company also has two bond issues outstanding.
Answers (1)
Why people in New York it hard to get shelter with a child
Answers (1)
Two months ago, the Marbury Shirt company sold 200 shirts at $30 per shirt. Last monththe company raised its price to $35 per shirt and sold 300 shirts. Evidently the company experienced a (n): A. Decrease in demand B. Increase in demand C.
Answers (1)
Which of the following is a compound sentence?
Answers (1)
You currently have $3,400 in an investment account that returns 11% per year. How long will you have to wait until you can make $5,000 down payment on a car? A loan you took out is due in three years and requires repayment of $3000.
Answers (1)