Hempstead Company has the following data for 2019: Item Units Cost Inventory, 12/31/2018 990   $10,890   Purchases 4,510   49,610   Inventory, 12/31/2019 720   8,040   Required: 1.  How many units were sold?  ________1 units 2.  Using the cost of goods sold model, determine the cost of goods sold.

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A: Step 1: The actual formula for cost of goods sold is The formula for calculating COGS is:…

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Q: Hempstead Company has the following data: Item Units Cost Inventory, January 1 990 $10,890 Purchases…

A: 1. Units sold = Opening inventory + Purchases - Clsoing Inventory = 990 + 4510 - 720   Units sold =…

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A: Cost of goods sold for Nov 4 = Units sold×Price=9×$20=$180

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Q: get solutions

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A: COST OF GOODS SOLD    Cost of Goods Sold is the Sum of Direct Cost & Manufacturing Cost of…

Q: o the questions business on December inventory purchases. system Also on

A: The question is based on the concept of Cost Accounting.

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