A Company Starts the Period with 100 Computers in Inventory,purchases

question 6

Multiple Choice

A company starts the period with 100 computers in inventory,purchases 30 more,returns 4 of them to suppliers,and has 83 in inventory at the end of the period.If there is no shrinkage,how many computers were sold?

• A)47 computers.
• B)43 computers.
• C)17 computers.
• D)83 computers.

Differentiate between period costs and product costs, and their respective classifications.

Comprehend the impact of applied and actual overhead in cost accounting.

Understand the difference between product costs and period costs.

Identify the components of product costs: direct materials, direct labor, and factory overhead.

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Definitions:

Fill Series

A feature in spreadsheet programs that allows users to automatically fill cells with a sequence of numbers, dates, or text based on a pattern.

Drag and Drop

A pointing device gesture in which the user selects a virtual object by "grabbing" it and dragging it to a different location or onto another object.

Fill Pattern

A graphical design, such as stripes, dots, or checks, used to fill an area or background in a document or graphic.

Sunday,Tuesday

Specific days of the week, indicating a sequence or schedule that may include or skip these days.