Jensan Company Jensan Uses a Perpetual Inventory System and Had the Following

question 104

Multiple Choice

Jensan Company
Jensan uses a perpetual inventory system and had the following inventory transactions for the month of June.
The June 30th inventory included 45 units from the June 4th purchase and 45 units from the June 10th purchase.
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Refer to the information provided for Jensan Co. Jensan's cost of ending inventory at June 30th under the specific identification method is:

• A) $1,350.00.
• B) $1,359.00.
• C) $1,363.50.
• D) $1,366.50.

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Definitions:

Seminoles

A Native American people originally of Florida, known for their resistance against the United States in the early 19th century, resulting in the Seminole Wars.

Second Seminole War

A conflict from 1835 to 1842 in Florida between the United States and the Seminole Native Americans, marking the longest and most costly of the Indian Wars in U.S. history.

Plains Indians

Native American tribes who inhabited the Great Plains of North America, known for their nomadic lifestyle and reliance on buffalo hunting.

Permanent Residences

Dwellings where individuals live on a long-term basis, as opposed to temporary or vacation homes.