Partridge Bookstore Had 500 Units on Hand at January 1

question 36

Multiple Choice

Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: $\begin{array}{lll}\underline{\text { Date}}&\underline{\text { Purchases }}&\underline{\text { Sales}}\\\text { Jan. } 14 & & 375 @ \$ 14 \\\quad\quad17 & 250 @ \$ 10& \\\quad\quad25 & 250 @ \$ 11& \\\quad\quad29 & &260 @ \$ 16 \end{array}$


Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

• A) $3,285.
• B) $3,650.
• C) $3,900.
• D) $4,015.

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Definitions:

Emotional Intelligence

An ability to understand emotions and manage relationships effectively.

Contagious Emotions

The phenomenon where emotions experienced by one person can spread to others in their vicinity, affecting the overall mood and behavior.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Manage Relationships

The process of developing, maintaining, and enhancing interactions with individuals and groups to achieve organizational objectives.