Use the Following Information for Questions:
a Company Had the Following

question 47

Multiple Choice

Use the following information for questions:
A company had the following inventory activity during January: $\begin{array}{lrrr}&\text { Units}&\text { Unit Cost }&\text {Total Cost }\\\hline\text { Beginning inventory } & 800 & \$ 10.00 & \$ 8,000 \\\text { Purchase: January } 5 & 1,400 & 11.00 & 15,400 \\\text { Sale: January } 8 & (1,500) & & \\\text { Purchase: January 13 } & 900 & 10.50 & 9,450 \\\text { Sales: January } 24 & (900) & &\end{array}$
-If the company is using a perpetual system and the moving average costing assumption, what is the cost of goods sold closest to?

• A)$24,380
• B)$24,840
• C)$25,459
• D)$25,631

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Definitions:

Consumer's Ability

The capacity of a consumer to make informed, effective, and efficient choices about the use of resources.

Product Brand

The identity given to a specific product or range of products by its manufacturer through branding.

Recognize and Remember

This involves the ability or process of identifying and recalling information or experiences, often used in the context of marketing to influence consumer behavior.

IMC Program

Integrated Marketing Communications Program, a strategic approach that integrates various promotional tools and marketing techniques to present a consistent message to the consumer.