A Company Has Beginning Inventory of 15 Units at a Cost

question 94

Multiple Choice

A company has beginning inventory of 15 units at a cost of $12 each on October 1.On October 5,it purchases 10 units at $13 per unit.On October 12 it purchases 20 units at $14 per unit.On October 15,it sells 30 units.Using the FIFO periodic inventory method,what is the value of the inventory at October 15 after the sale?

• A)$140
• B)$160
• C)$210
• D)$380
• E)$590

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Definitions:

Tracking Signal

A metric in inventory management that measures the accuracy of forecast demand against actual demand.

Adaptive Smoothing

A forecasting technique that adjusts the smoothing constant based on the accuracy of previous forecasts.

Dependent Variable

A variable in research or modeling that is affected by other variables, typically representing the outcome or effect in an experiment or study.

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable, without being influenced by other variables in the experiment.