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:

Autism Spectrum Disorder

A spectrum of disorders impacting neurodevelopment, leading to difficulties in communication, both verbal and nonverbal, social interactions, and repetitive behaviors.

Measles-mumps-rubella (MMR) Vaccination

A vaccine designed to protect against three major diseases: measles, mumps, and rubella.

Scientific Evidence

Information obtained through systematic observation or experimentation, used to validate or refute hypotheses, theories, and beliefs.

Autism Spectrum Disorder

A variety of conditions related to brain development that affect social interaction, communication abilities, and may include repetitive actions and difficulty with verbal and nonverbal communication.