QUESTION $18$

$4$ points

Save Answer

Assuming that BMCC has $18$ units of inventory as of Jan $1,2025$ at a cost of $$9\mathrm{.}00$ per unit. Then, On January $3$rd purchased $15$ more units at a cost of $$10$ per unit and oir January $5$ th purchased $10$ units at $$11$ per unit. On January $23$ rd$,2025,$ they sold $30$ units at a selling price of $$30$ per unit. Calculate Cost of Goods Sold $($COGS$),$ under FIFO.

a$.$ cOGS$$305$

b$.$ cogs$$282$

c$.$ cogs$$294\mathrm{.}42$

d$.$ cogS$$900$

e$.$ None of the above

$q,$

QUESTION $19$

$4$ points

Save Answer

Separation of duties is mainly created in order to reduce unemployment rates.

a$.$ True

b$.$ False

$q,$

QUESTION $20$

$4$ points

Save Answer

Under FOB Destination, the buyer pays for the freight.

a$.$ True

b$.$ False