Business

19 June, 03:34

A sporting goods store purchased $7,000 of ski boots in october. the store had $3,000 of ski boots in inventory at the beginning of october, and expects to have $2,000 of ski boots in inventory at the end of october to cover part of anticipated november sales. what is the budgeted cost of goods sold for october?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A sporting goods store purchased $7,000 of ski boots in october. the store had $3,000 of ski boots in inventory at the beginning of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 63% of direct labor cost.

Why do firms in different countries form alliances with one another

11. Which ones of the four examples below is an example of value-migration? a. No one buys typewriters anymore, but they buy PCs even to type. b. HP now produces laser printers that can accept emailed inputs as well. c.

Stockholders' equity is generally classified into two major categories: a. contributed capital and appropriated capital. b. appropriated capital and retained earnings. c. retained earnings and unappropriated capital. d.

Huong has been saving money for two years in order to make a down payment on her first new car. She has looked at several different makes and models of both foreign and domestic cars. She finally located the "car of her dreams.

New Questions in Business

Software Solutions was hired by Jones Company on December 1 to install and updated software. The total entire amount of $1,800 in revenues is to be paid to us by Jones Company when the job is completed the following January 31.

The following December 31, 2016 fiscal year end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $5,000 Accounts receivable (net) 20,000 Inventories 60,000 Property, plant and equipment (net)

Han Corp's sales last year were $440,000, and its year-end receivables were $52,500. The firm sells on terms that call for customers to pay 30 days after the purchase, but some delay payment beyond Day 30.

During May 2020, a company spend $14,000 on ordinary maintenance of its delivery trucks. These maintenance costs should have been recorded as debits to 'Maintenance Expense' but the company mistakenly capitalized these costs instead.

Greyon spinning Mills Inc. owns 600 spinning machines out of these, only 500 are used in a given year. Given this information, the utilization of spinning machines at Greyon Spinning Mills Inc. is ___. A. 1 B. 0.83 C. 1.2 D. 0.75