Question
In: Accounting
Milton's Tool and Tile sells a range of products. This week, the shipping department received 500...
Milton's Tool and Tile sells a range of products. This week, the
shipping department received 500 gallons of paint, purchased at a
cost of $20 each, which were distributed among 18 stores. 420 were
sold for $30 each across all stores.
The cost of goods sold equals ___________.
Solutions
Expert Solution
Cost of goods sold = Units sold*Cost per unit
= 420*20
=$8,400
Hence, the answer is $8,400
ekkarill92 answered 2 years agoRelated Solutions
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