Assume the Beginning Inventory as of January 1 Consisted of 500

question 29

Essay

Assume the beginning inventory as of January 1 consisted of 500 units that were purchased for $8.25 each. During the month, three new purchases were made. The first purchase consisted of 700 units costing $8.50 each, the second purchase had 800 units costing $9.00 each, and the third purchase had 600 units costing $9.50 each. At the end of the month, ending inventory shows 700 units. Compute the cost of goods sold and the ending inventory for the company using each of the following methods. Also determine the gross margin if the total sales revenue is $43,000.
a.
Specific identification: Of the units sold, 300 were from the beginning inventory, 600 from the first purchase, 700 from the second purchase, and 300 from the third purchase.
b.
First-in, first-out (FIFO)
c.
Weighted-average (round the unit price)
d.
Last-in, first-out (LIFO)

Understand the concept and applications of various compliance techniques, such as foot-in-the-door and door-in-the-face.

Know the differences between peripheral and central routes to persuasion, including the conditions under which each is effective.

Identify the effects of initial attitudes and requests on subsequent behavior and attitude changes.

Comprehend the sleeper effect in persuasion and the conditions that facilitate its occurrence.

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Definitions:

Subordinate Motivation

The process of encouraging and driving individuals lower in the organizational hierarchy to accomplish tasks and goals.

Authentic Leadership

A leadership style rooted in honesty and transparency where leaders are genuine and true to themselves while leading others.

Balanced Processing

The objective analysis and consideration of all relevant information before making a decision or judgment.

Relational Transparency

A behavior that involves being open, honest, and genuine in interactions with others, important for building trust in leadership.