The Following Data Applies to a Particular Item of Merchandise

question 51

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 value of the inventory on hand at the end of the period would be

• A) $2,650.
• B) $2,750.
• C) $2,730.
• D) $2,530.

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Definitions:

Secreted by the Stomach

Refers to substances like acids, enzymes, or hormones produced and released by the stomach to aid in digestion and other bodily functions.

Motivated to Eat

The drive or urge to consume food, often influenced by physiological hunger, psychological factors, or environmental cues.

Neural Areas

Specific regions within the brain that are responsible for processing various types of cognitive and physiological functions.

Hypothalamus

A region of the brain responsible for hormonal control, regulation of body temperature, hunger, thirst, and other homeostatic systems.