Question: SunClear had $ 5 0 0 , 0 0 0 in fixed assets, and $ 3 0 , 0 0 0 worth of raw material

SunClear had $500,000 in fixed assets, and $30,000 worth of raw material inet of at the beginning of 2019. During 2019, they sold $1,000,000 worth of prodict (bites revenue) and incurred $250,000 in labor costs, $75,000 in marketing expenses and $275,000 in other fixed costs, including rent and utilities. At the pro of 2019, they bod $40,000 worth of raw material inventory. Assume that Sunclear uses a 10% deprecition rate for fixed assets. Their Inventory and Investment (III) at the end of 2019 is:
530,000
490,000
450,000
540,000
500,000
 SunClear had $500,000 in fixed assets, and $30,000 worth of raw

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!