Bordeaux Corp

question 154

Multiple Choice

Bordeaux Corp., a French subsidiary of a US company, sells one product and uses a perpetual inventory system. The beginning the inventory consisted of 20 units that cost €2,000 per unit. During the current month, the company purchased: 120 units at €2,100 each. Sales during the month totaled 90 units for €4,350 each. What is the cost of goods sold using the LIFO cost flow assumption?

• A) €180,000.
• B) €187,000.
• C) €189,000.
• D) €191,500.

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Definitions:

Consumer Purchase Decision

The process by which individuals identify their needs, gather information, evaluate options, and make the decision to buy a product or service.

Information Search

The process of gathering data and details about a specific subject or decision-making need.

Problem Recognition

The initial step in the consumer decision process where the consumer identifies a need or realizes the difference between the current and a desired state.

Alternative Evaluation

The process in which consumers compare different products or brands on various attributes to make a purchasing decision.