Atom Company Just Began Business and Made the Following Four

question 46

Multiple Choice

Atom Company just began business and made the following four inventory purchases in June: $\begin{array}{lrlr}\text { June } & 1 & 150 \text { units } & \$ 990 \\\text { June } & 10 & 200 \text { units } & 1,344 \\\text { June } & 15 & 200 \text { units } & 1,368 \\\text { June } & 28 & 150 \text { units } & 1,062\\&&&\$4,764\end{array}$ A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

• A)$1,326.
• B)$1,320.
• C)$1,404.
• D)$1,416.

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Definitions:

Remedial

Intended to correct or improve deficiencies, often used in educational or therapeutic contexts to describe interventions or teachings.

Salutary

Producing or intended to produce beneficial effects; healthful.

Social Situations

Contexts or environments where interactions among people take place.

Transtheoretical Model

A theory of behavior change that outlines stages from not considering change to maintaining new behavior, applied in various settings.