Mountain made started the month with 3 quilts in its beginning inventory that cost $200 each. during the month, mountain made purchased 20 additional quilts for $210 each. at the end of the month, mountain made counted its inventory and found that 5 quilts remained unsold. if mountain made uses lifo periodic, its cost of goods sold for the month is

The Cost of Goods Sold for the month is $3780.

Explanation:

closing inventory = 5 units

opening inventory = 3 units

purchases during the month = 20 units

units sold during the month = opening inventory + purchases during the month - closing inventory

                                               = 3 + 20 - 5

                                               = 18 units

cost of goods sold = 18*$210

                                = $3780

Therefore, The Cost of Goods Sold for the month is $3780.

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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