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

---

Definitions:

Deeper Reality

Deeper Reality refers to a concept or belief in an underlying truth beyond the observable physical world, often associated with spiritual or metaphysical dimensions.

Art Movement

A tendency or style in art with a specific common philosophy or goal, followed by a group of artists during a restricted period of time.

Preliminary Studies

Early investigations or research conducted to gather information, test theories, or evaluate materials before embarking on a larger project.

Indoor Scenes

Artworks that depict the interior of buildings or enclosed spaces, focusing on domestic, private, or architectural aspects.