Cost of Goods Sold Beginning Inventory $63,000
Add: Purchases $25,000
Less: Purchase Discounts $2,500
Purchase Returns and Allowances $1,500
Net Purchases $21,000
Freight-in $8,000
Cost of Goods Purchased
Goods Available for Sale
Less: Ending Inventory
Total Cost of Goods Sold
Based on the information below, calculate the cost of Goods Purchased.
a. $34,000
b. $25,000
c. $38,000
d. $29,000

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.