The Following Data Applies to a Particular Item of Merchandise

question 82

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 weighted-average costing method and rounding the average unit cost to the nearest whole cent, the cost of goods sold would be

• A) $11,140.
• B) $11,130.
• C) $8,480.
• D) $8,410.

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Definitions:

Defamation

The act of communicating false statements about a person that injure their reputation.

Wrongful Interference

Illegal or improper intervention in the business relationships or contracts of others, causing harm or loss.

Business Relationship

A connection between individuals or entities involved in business activities, focusing on commercial transactions, partnerships, or agreements.

Illegal Interference

Unauthorized or unlawful meddling or involvement in the affairs or property of others, often resulting in harm or damage.