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To adjust a companys LIFO cost of goods sold to FIFO cost of goods sold?
a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold.
Cost of good sold?
Cost of goods sold refer to the carrying value of goods sold during a particular period. The beginning inventory + inventory purchases â?? end inventory equals cost of goods sold.
What is the purpose of the production possibilities frontier?
The purpose of the production possibilities frontier is that a combination of goods produced will utilize full quality. And also, the production of goods are cannot be increased without increasing its quality.
What goods are goods sold in the same country in which they are produced?
Domestic
Why does a bumper harvest result in the decrease in farmer's income?
when there bumper harvest for the farmers the supply of the goods will also increase and when there is increase in supply of goods there will be reduce in price of the goods. when the price of the goods decreases the total income of the farmers will also ultimately reduced. In this way whenever there is bumper harvest that leads to reduction of the income of the farmers
Was a soddy a structure that provided shelter for the livestock?
Frontier Farmers.
What were Spain's main goods?
Spain selled oranges, and apples. They also where farmers, they sold crops and tabacco.
What good were trade in the Songhai empire?
In the 1500's many goods were traded such as, kola nuts, gold and slaves. These goods were exchanged for textiles, horses, salt and luxury goods. The people who traded these goods were mainly farmers, but when the slaves were sold, they were sold by the people who ran the slave trade.
What was the primary source of income for yeoman farmers?
Yeoman farmers made their money by selling their goods and labor. They sold nuts, fruits, vegetables, dairy products and animal hides.
What was the primary source of income for most yeoman farmers?
Yeoman farmers made their money by selling their goods and labor. They sold nuts, fruits, vegetables, dairy products and animal hides.
What kind of jobs did people in west african kingdoms do?
Most people in the West African kingdoms worked either as farmers or as herdsman. There were some tradespeople who sold goods from around Africa and the rest of the world.
How did the tariffs effect the west?
It affected farmers in the west by taxing the european goods to be as high as the american goods so farmers can't get the european goods and will by the american goods
Cost of goods sold in cost accounting?
Cost of goods sold.
What is the difference between cost of good sold and cost of good sold statement?
Cost of goods sold is the total cost incurred for goods manufacturing while cost of goods sold statement is the document which shows the calculation of cost of goods sold.
To adjust a companys LIFO cost of goods sold to FIFO cost of goods sold?
a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold.
What is the difference between cost of goods manufactured and cost of goods sold?
How do you calculate cost of goods sold for a manufacture company
How do you calculate average daily cost of goods sold?
Annual cost of goods sold / 365
