If the cost of goods available for sale equals $100,125, calculate the cost of goods sold using the table below. Cost per unit Number of units on hand Total cost $850 $1740 $965 $470 Ending inventory The cost of goods sold is $ 9 12 7 6 34 $7,650 $20,880 $6,755 $2,820 $38,105

If the cost of goods available for sale equals $100,125, calculate the cost of goods sold using the table below. Cost per unit Number of units on hand Total cost $850 $1740 $965 $470 Ending inventory The cost of goods sold is $ 9 12 7 6 34 $7,650 $20,880 $6,755 $2,820 $38,105

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the cost of goods available for sale equals $100,125, calculate the cost of goods sold using the table below.
Cost per unit
Number of units on hand
Total cost
$850
$1740
$965
$470
Ending inventory
The cost of goods sold is $.
9
12
7
6
34
$7,650
$20,880
$6,755
$2,820
$38,105

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