At the Beginning of the Year, Meng Company Had an Inventory

question 63

Multiple Choice

At the beginning of the year, Meng Company had an inventory of ¥500,000. During the year, the company purchased goods costing ¥2,000,000. If Meng Company reported ending inventory of ¥750,000 and sales of ¥2,500,000, the company's cost of goods sold and gross profit rate must be

• A) ¥1,250,000 and 50%.
• B) ¥1,750,000 and 30%.
• C) ¥1,250,000 and 30%.
• D) ¥1,750,000 and 70%.

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Definitions:

Social Media

Digital platforms that enable users to create and share content or to participate in social networking.

Punished Behavior

Actions or responses that are decreased in frequency or likelihood due to the application of an adverse stimulus or punishment.

Causal Attribution

The process of evaluating the causes of behaviors and events, attributing them to internal or external factors.

Global Assumption

Broad, generalized beliefs that individuals hold about themselves, others, and the world, which shape their perceptions and behaviors.