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Ashanti, Inc. manufactures and sells glass vases, bowls and other decorative pieces as home furnishings. During the month, the company sold 200 vases for $30
Ashanti, Inc. manufactures and sells glass vases, bowls and other decorative pieces as home furnishings. During the month, the company sold 200 vases for $30 each and 100 bowls for $20 each. Each vase and bowl costs $13 to produce. In addition, Ashanti Inc. sold one of its glass blowing machines that had a book value of $3,900 for $5,800. Complete the following questions: What is the cost of goods sold amount? Choose... - What is the net income or loss for the month Choose... How much revenue should the company record from the sale of glass blowing machine? Choose... How much is operating income? Choose... - How much total revenue should the company record for the month? Choose
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