Use the Following Information for Questions Below
a Company Had

question 33

Multiple Choice

Use the following information for questions below
A company had the following inventory activity during April:
$$\begin{array}{l}\text { }\\\begin{array} { l l l l l} &&\text {units }&\text { unit cost}&\text { total cost}\\\text { beginning}&\text {inventory }&800&\$10.00&\$8,000\\\text { purchase}&\text {april 6 }&1,400&11.00&15,400\\\text {sale }&\text {april }&(1,500) \\\text {purchase }&\text {april 17}&900&10.50&9,450\\\text {sale }&\text {april 24 }&(900) \\\end{array}\end{array}$$
-If the company is using a perpetual system and the FIFO cost formula,what is the ending inventory closest to?

• A)$7,100
• B)$7,350
• C)$7,650
• D)$7,920

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Definitions:

Guiding Assumptions

Fundamental beliefs or principles that shape an individual's or organization's perceptions, decisions, and behaviors, often operating unconsciously.

Type of Participating Managers

Refers to managers who actively engage and include their team members in the decision-making processes.

Training and Development

Training and development involve organized activities aimed at enhancing the skills, knowledge, and competencies of employees to improve their job performance.

Systematic Analysis

A structured way of examining components and relationships within a system to understand or solve problems.