The Following Data Applies to a Particular Item of Merchandise

question 52

Multiple Choice

The following data applies to a particular item of merchandise: $\begin{array}{lrr}\text { On hand at start of period } & 300 & \$ 5.10 \\1^{\text {st }} \text { purchase } & 500 & 5.20 \\2^{\text {ndd }} \text { purchase } & 700 & 5.30 \\3^{\text {rd }} \text { purchase } & 600 & 5.50\\\text { Number of units available for sale } & 2,100 \\\text { On hand at end of period } & \underline{500} \\\text { Number of units sold during period } & \underline{1,600}\end{array}$ ? Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 200 from the last purchase. Using the first-in, first-out costing method, the cost of goods sold would be

• A) $2,750.
• B) $8,390.
• C) $8,410.
• D) $8,570.

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Definitions:

Mental Health Treatment

Intervention designed to treat emotional, psychological, and behavioral disorders to improve an individual’s mental well-being and functioning.

Habeas Corpus

A legal principle that seeks to protect individuals from unlawful detention, allowing detainees to challenge the legality of their detention.

Psychotropic Medications

Drugs that mainly affect the brain and reduce many symptoms of mental dysfunction.

State Mental Hospital

A publicly funded hospital specializing in treating individuals with mental health disorders, offering various therapies and supports.