The Following Data Applies to a Particular Item of Merchandise

question 61

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 specific identification costing method, the value of inventory on hand at the end of the period would be

• A) $2,730.
• B) $2,570.
• C) $8,390.
• D) $8,410.

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Definitions:

Painful Stimulus

An external or internal event or trigger that can cause a physical or emotional experience of pain.

Intonations

The variation of pitch in speech that affects the meaning of words, conveying emotions and grammatical signals.

Fetal Period

The stage of human development that begins around the end of the eighth week after conception and continues until birth.

Embryo

An early developmental stage in many multicellular organisms, following fertilization and preceding fetal development in humans.