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:

ERP System

Enterprise Resource Planning System, a suite of integrated applications that an organization uses to manage core business processes.

Types of Reports

Various categories of documents that present and analyze information, including statistical, research, and progress reports.

Manager

An individual responsible for controlling or administering an organization or group of staff.

ERP Systems

Enterprise Resource Planning systems that integrate core business processes such as finance, HR, manufacturing, and supply chain into a single system.