A Company Just Began Business and Made the Following Four

question 180

Multiple Choice

A 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 average-cost method, the amount allocated to the ending inventory on June 30 is

• A)$1,361.
• B)$1,416.
• C)$1,320.
• D)$1,344.

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Definitions:

Group Pressures

The social influence exerted by peers or a group to encourage an individual to conform to the group’s norms and expectations.

Force-Coercion Strategy

Pursues change through formal authority and/or the use of rewards or punishments.

Political Alliances

Partnerships or associations formed between political entities, such as countries or parties, to advance shared goals or interests.

Formal Authority

indicates the legitimate power granted to an individual or organization by virtue of position or office to make decisions, command resources, or govern.