Quantum Mobile Ltd. purchases and resells smartphones. On September 5th, 2022, the company purchased 6,000 phones for $120 each. On September 25th, the company sells 1,800 units for $180 each. What is the cost of goods sold on the sale?
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Quantum Mobile Ltd. purchases and resells smartphones. On September 5th, 2022, the company purchased 6,000 phones for $120 each. On September 25th, the company sells 1,800 units for $180 each. What is the cost of goods sold on the sale?
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- AnswerOn March 1, 2026, XYZ Company paid $185,000 to purchase 250,000 coffee mugs to sell at its retail store. During 2026, XYZ Company recorded the following sales: Month March April May June July August September Selling price per mug. $2.00 $2.50 $3.00 $2.00 $3.00 $4.00 $3.50 Mugs sold 16,000 35,000 24,000 31,000 46,000 29,000 43,000 Using the matching concept, calculate the total expense recorded by XYZ Company for the months May through August.Help
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