The Following Data Applies to a Particular Item of Merchandise

question 54

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

• A) $2,730.
• B) $2,750.
• C) $2,570.
• D) $8,390.

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Definitions:

Psychotherapists

Professionals trained to diagnose and treat mental health issues through various therapeutic techniques.

Life Choices

The range of decisions and paths an individual can make regarding personal, career, and social endeavors, significantly impacting their life's trajectory.

Narcissistic Approach

A perspective or behavior characterized by excessive self-interest and a high need for admiration, often neglecting others' feelings.

Immediate Change

A rapid transformation or modification that occurs in a short period of time.