Assume Baxter Manufacturing begins January with 11 units of inventory that cost $12 each. During January, the following purchases and goods sold were:
Jan 5
Purchased 8 units at $14
7
Sold 12 units
15
Purchased 6 units at $16
30
Sold 15 units
Using the FIFO inventory costing method and the perpetual system, how much is Costs of Goods Sold for the sale of January 7?

COGS (Jan 7)= $146

Explanation:

Giving the following information:

Jan 1: 11 units for $12 each.

Jan 5: Purchased 8 units at $14

Jan 7: Sold 12 units

Jan 15: Purchased 6 units at $16

Jan 30: Sold 15 units

Under a perpetual inventory system, the cost of goods sold gets accounted as they occur:

FIFO= first-in, first-out

COGS (Jan 7)= 11*12 + 1*14= $146

answer///a coalition;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.