Question

why cellular respiration involves so many molecules and steps based on how life oneys and exploits the law of thermodynamics

blem #4 of 9 Ralph's Cafe Company has the following information for June. $45,000 Cost of materials placed in production 20,000 Direct labor 14,000 Factory overhead Work in process inventory, June 1 2,900 4. Work in process inventory, June 30 3,500 Finished goods inventory, June 1 5,000 Finished goods inventory, June 30 4,700 6 What is the cost of goods sold? 7 O a. $83,400 O b. $79,000 c, $78,700 9 O d. $78,400

Answer 1

Cost of goods sold is calculated as under

Material Cost + Labor Cost + Overheads Cost +Opening Work in process + Beginning Inventory - Closing Work in process - Closing inventory

= 45,000 + 20,000 + 14,000 + 2,900 + 5,000 - 3,500 - 4,700
= $78,700

Answer is C

Managerial decisions DO NOT involve setting of capital stock prices. Capital stock prices are determined by buying and selling pressure in the market as well as company's performance and the prevalent market conditions.