Given the Following Information, Determine the Cost of Goods Sold

question 126

Multiple Choice

Given the following information, determine the cost of goods sold for December 31 using the FIFO periodic inventory method: December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.

• A)$282.15
• B)$332.10
• C)$281.25
• D)$297.00
• E)$284.70

Recognize the importance of patient confidentiality and the nurse's responsibility in information sharing.

Acknowledge the impact of personal values, culture, and beliefs on professional nursing practice.

Describe the role of competence and ongoing learning in nursing practice.

Understand the principles and applications of the International Council of Nurses Code of Ethics.

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Definitions:

Settling Point

The Settling Point is a conjectured equilibrium in which factors such as metabolism, appetite, and physical activity balance out to determine one's body weight.

Nutrition

The science that interprets the nutrients and other substances in food in relation to maintenance, growth, reproduction, health, and disease of an organism.

Metabolic Rates

The rate at which the body burns calories to sustain basic life functions.

Neophobia

A fear of anything new, including new experiences, foods, or situations.