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.

Recognize the importance of group structure and dynamics in nutrition counseling.

Acknowledge the role of modeling and emotional support in group learning.

Understand organizational strategies for managing large group discussions.

Appreciate the effectiveness of silence as a facilitation technique.

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Definitions:

Legal Structure

The legal organization of a company, determining its legal personality, liability, and taxation methods. Examples include sole proprietorship, partnership, corporation, and LLC.

C Corporation

A business structure where the company is taxed separately from its owners, offering limited liability protection to its shareholders.

Legally Liable

The state of being legally responsible for something, typically involving a financial or other obligation.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business.