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the total cost of 4800 pounds of the metal now held in inbentory is 310000 the total selling price is 862000 and the estimated costs of disposal are 13800 at what amount should the inventory of 4800 pounds be reported in the balance sheet

Respuesta :

The balance sheet amounts are $862000, $310000, $13800, and $23400.

What is total selling price?

The selling price is the amount paid by a buyer for a product or service. It varies according to how much the buyer is willing to pay, how much the seller is willing to accept, and how competitive the price is in comparison to other businesses in the market.

The formula for calculating the selling price per unit To calculate the price per unit from an income statement, divide sales by the number of units or quantity sold. For example, assuming annual sales of $80,000 and 2,000 units sold, the price per unit is $40. (80,000 divided by 2,000).

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