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She buys machines A and B for 10 each, and later buys machines C and D for 12 each. All the machines are the same, but they have serial numbers. Jane sells machines A and C for 20 each. Her cost of goods sold depends on her inventory method. Under specific identification, the cost of goods sold is 10 + 12, the particular costs of machines A and C.
Average cost method is a method of accounting which assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. [1] The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale.
The neighborhood was connected by rail to Los Angeles in 1887, Paul de Longpré built its first tourist attraction in 1901, and the entire area was annexed into the city of Los Angeles in 1910. [2] Most of the Hollywood Boulevard Commercial and Entertainment District was built between 1915 and 1939, during the rapid boom of the film industry.
Relevant cost: The relevant cost is a cost which is relevant in various decisions of management. Replacement cost: This cost is the cost at which existing items of material or fixed assets can be replaced at present or at a future date. Shutdown cost: Costs incurred if operations are shut down, and which would not occur if operations are continued.
Revenue is earned when goods are delivered or services are rendered. [1] The term sales in a marketing, advertising or a general business context often refers to a free in which a buyer has agreed to purchase some products at a set time in the future. From an accounting standpoint, sales do not occur until the product is delivered.
The city of L.A. is providing free kitchen waste pails to store food scraps for composting, although a plastic container with a lid will also work. ... The city of Los Angeles was ahead of the ...
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Yelp will also launch a $100,000 Veteran Business Fund to support former service members. A total of 10 veteran-owned small businesses will be selected to receive $10,000 each.