Excalibur Company Uses the Perpetual Inventory Method What Is the Cost of Goods Sold for the Month

question 71

Multiple Choice

Excalibur Company uses the perpetual inventory method. Excalibur Company has the following data available for the month of January: $\begin{array}{|c|c|c|c|}\hline \text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \\\hline \text { Jan. } 1 & \text { Beginning inventory } & 200 & \$ 1.00 \\\hline \operatorname{Jan} .9 & \text { Purchase } & 300 & \$ 1.10 \\\hline \text { Jan. } 10 & \text { Sale } & 400 & \\\hline \text { Jan. } 15 & \text { Purchase } & 400 & \$ 1.16 \\\hline \text { Jan. } 18 & \text { Sale } & 300 & \\\hline \operatorname{Jan} .24 & \text { Purchase } & 100 & \$ 1.26 \\\hline\end{array}$
What is the Cost of Goods Sold for the month of January using LIFO?

• A) $778
• B) $810
• C) $762
• D) $766

Understand market competition dynamics, including entry deterrence and monopoly power.

Recognize the strategic implications of price cuts and market sharing.

Apply game theory concepts to analyze competitive and cooperative behaviors.

Evaluate outcome distributions in strategic games and their equilibrium states.

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