Assume That Three Identical Units of Merchandise Are Purchased During

question 203

Essay

Assume that three identical units of merchandise are purchased during October, as follows: $$\begin{array} { | l | l | l | l | l | } \hline & & & \text { Units } & \text { Cost } \\\hline \text { October } & 5 & \text { Purchase } & 1 & \$ 5 \\\hline & 12 & \text { Purchase } & 1 & 13 \\\hline & 28 & \text { Purchase } & 1 & 15 \\\hline \text { Total } & & & 3 & \$ 33 \\\hline\end{array}$$ Assume one unit is sold on October 31 for $28. Determine cost of merchandise sold, gross profit, and ending inventory under the FIFO method.

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Definitions:

Authenticity

The degree to which an individual's actions are congruent with their beliefs and desires, despite external pressures.

Congruency

In Carl Rogers's humanistic psychology, it refers to the alignment or consistency between an individual's self-concept and their experiences in reality.

Rogers's Concept

A psychological approach developed by Carl Rogers, centered on the idea of self-actualization and the importance of unconditional positive regard, empathy, and genuine interactions in personal development.

Existential Analytic Theory

A branch of psychology and psychotherapy that focuses on exploring the existential and philosophical dimensions of human experience, emphasizing autonomy, freedom, and the search for meaning.