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

question 27

Multiple Choice

Use the following information for questions:
A company had the following inventory activity during May: $\begin{array}{lrrrr}&\text { Units}&\text { Unit Cost }&\text {Total Cost }&\text { Unit Price }\\\hline\text { Beginning inventory } & 100 & \$ 20.00 & \$ 2,000 & \\\text { Purchase: May 3 } & 900 & \$ 21.00 & 18,900 & \\\text { Sale: May 5 } & (900) & & & \$ 30.00 \\\text { Purchase: May 15 } & 1,000 & \$ 21.00 & 21,000 & \\\text { Sale: } & (900) & & & \$ 30.00\end{array}$
-If the company uses a perpetual system and the moving average cost flow assumption, what is the gross margin on the May 5 sale closest to?

• A)$6,100
• B)$8,100
• C)$8,190
• D)$8,550

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Definitions:

Cerebral Cortex

The outer layer of neural tissue of the cerebrum in the brain, playing a key role in memory, attention, perceptual awareness, thought, language, and consciousness.

Localization

The determination or mapping of specific functions or processes to particular areas of the brain or body, often used in neuroscience and biology.

Brain Function

The activities and processes that take place in the brain to support physical, cognitive, and emotional life.

Somatosensory Area

A region of the brain responsible for processing sensory information from various parts of the body, relating to touch, temperature, and pain.