Nolvo Company Uses the Periodic Inventory System

question 225

Multiple Choice

Nolvo Company uses the periodic inventory system. For February 2014, the beginning inventory consisted of 400 units that cost CHF65 each. During the month, the company made two purchases: 1,600 units at CHF68 each and 600 units at CHF72 each. Nolvo sold 2,000 units during the month of February at CHF110 per unit. Using the average cost method, what is the amount of ending inventory at February 28, 2014?

• A) CHF43,200.
• B) CHF42,000.
• C) CHF41,076.
• D) CHF39,000.

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Definitions:

Neurotransmitter

Chemical substances that transmit signals across a synaptic gap from one nerve cell to another.

Synaptic Vesicles

Small structures within neurons that store neurotransmitters, which are released during neurotransmission to send signals to other neurons.

Synapse

The junction between nerve cells where neurotransmitters are released, allowing signals to pass from one neuron to another.

Spinal Cord

A vital part of the central nervous system, the spinal cord is a long, thin, tubular structure made of nervous tissue, which extends from the brain and is encased within the vertebral column, responsible for sending messages between the brain and the rest of the body.