Potter Company Has the Following Data Available If Potter Company Uses a Perpetual Moving-Average Inventory System, the l

question 11

Multiple Choice

Potter Company has the following data available: $$\begin{array} { | l | c | c | c | } \hline \text { Transaction } & \text { Units Purchased } & \text { Unit Cost } & \text { Units Sold } \\\hline \text { Beginning Inventory } & 500 & \$ 10 & \\\hline \text { March 1 Purchase } & 200 & \$ 12 & \\\hline \text { April 25 Sale } & & & 350 \\\hline \text { June 10 Purchase } & 300 & \$ 14 & \\\hline \text { July 20 Sale } & & & 250 \\\hline \text { October 30 Purchase } & 300 & \$ 15 & \\\hline \text { December 15 Sale } & & & 400 \\\hline\end{array}$$
If Potter Company uses a perpetual moving-average inventory system, the cost of goods sold for the year is ________. (Round average cost per unit to four decimal places and all other numbers to two decimal places.)

• A) $4,718.70
• B) $12,087.88
• C) $16,100.00
• D) $11,381.30

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Definitions:

Inhibitory Postsynaptic Potentials (IPSPs)

Hyperpolarizations occurring at a postsynaptic membrane making the neuron less likely to generate an action potential.

Hyperpolarization

An increase in the membrane potential of a cell, making the inside of the cell more negative relative to the outside and reducing the likelihood of firing an action potential.

Plasma Membrane

The lipid bilayer that encases cells, controlling the movement of substances in and out of the cell and facilitating communication and signaling.

Neuronal Pathway

Networks of neurons that transmit signals between different parts of the brain or from the brain to the rest of the body.