McCarthy Company Has Inventory of 8 Units at a Cost

question 52

Multiple Choice

McCarthy Company has inventory of 8 units at a cost of $200 each on October 1.On October 2,it purchased 20 units at $205 each.11 units are sold on October 4.Using the perpetual FIFO inventory method,what is the value of inventory after the October 4 sale?

• A)$3,485.
• B)$3,445.
• C)$3,500.
• D)$3,472.
• E)$3,461.

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Definitions:

Self-direction

The ability or tendency of an individual to guide, control, and regulate their own behavior and decisions towards achieving personal goals or satisfaction.

Formative Period

A critical phase of development or growth where foundational attributes, principles, or systems are established and shaped.

Character

The set of moral and ethical traits and behaviors that are considered desirable in a person, often forming the basis of individual integrity.

Infancy

The early stage in human development, extending from birth to around 2 years old, characterized by rapid physical and cognitive growth.