The average selling price of the 40 televisions was 141. Should i enter both full sale and sales costs as general journal entries or only show check received.
The jeweler would report cogs as 125.
Quick sell outlet sold a total of 40. Each model p sold for p and each model q sold for q. Quick sell outlet sold a total of 40 televisions each of which was either a model p television or a model q television. If the sales tax is 5 how much is your total purchase for 3 bags of chips ig each bag costs 2 50.
Garmin humminbird at t panasonic motorola braun. 1 model p sold for 30 less than the model q televisions. Faraz jeddah wrote quick sell outlet sold a total for 40 televisions each of which was either a model p tv or a model q tv.
Once all the rings are sold the jeweler can calculate the average cost. Cost of goods sold beginning inventory purchased inventory ending inventory cost of goods sold 3 000 8 000 2 000 cost of goods sold 9 000. Divide 1 250 the total cost to make all the rings by 10 the total rings sold.
How many of the 40 televisions were model p televisions. Let s assume five rings were made at 100 and five were made at 150. By the end of production the rings cost 150 to make due to price inflation.
In this example your restaurant s cost of goods sold or the amount of money spent on food and drink served in your establishment during the month reaches a total of 9 000. Each model p television sold for p and each model q sold for q. Ninety days is a relatively short time to market and sell a property but it can be done.
Today however some analysts estimate that upwards of 85 of the merchandise sold in outlet stores was manufactured exclusively for these stores. The average arithmetic mean selling price of the 40 televisions was 141. 9 78 the grocery store has a special deal on potato chips where if you buy 1 bag you get the second bag for 50 off.
Historically outlets offered excess inventory and slightly damaged goods that retailers were unable to sell at regular retail stores. I sold this land 9 4 2018 for 260 000 but deposited check for 250 000 due to sales costs. Using your total from 6 calculate the total purchase cost if the sales tax is 4 on foods.
I think i should credit farm land account for inquisition cost and also credit loans from shareholders. Most mortgage quick sales occur in the 90 day window. 172 s main st washington pa 15301.