Gregor Inc

question 31

Essay

Gregor Inc. uses the LIFO cost-flow assumption to value inventory. Inventory for Gregor on January 1, 2021 was 100 units at a LIFO cost of $25 per unit. During the first quarter of 2021, 200 units were purchased costing an average of $40 per unit, and sales of 265 units at a retail price of $50 per unit were made.Assuming Gregor expects to replace the units of beginning inventory sold before the year-end at a cost of $41, what is the amount of cost of goods sold for the quarter ended March 31, 2021?

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Obsessive-compulsive Disorder

A mental disorder characterized by unwanted, recurring thoughts and repetitive behaviors that the individual feels compelled to perform.

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Occurring repeatedly or periodically, often referring to events, symptoms, or conditions that return after periods of absence.

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Recurrent, ongoing thoughts that can be intrusive and difficult to manage, often associated with anxiety and obsessive-compulsive disorders.

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The scientific study of living organisms and their interactions with each other and their environments.