Partridge Bookstore Had 500 Units on Hand at January 1

question 128

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 LIFO method is:

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

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Definitions:

Quadriceps

A large muscle group on the front of the thigh, crucial for walking, running, and jumping.

Gluteal

Pertaining to the gluteus muscles, which are located in the buttocks and are responsible for the movement of the hip and thigh.

Muscular Strength

The maximum force that a muscle or group of muscles can generate during a single contraction, critical for physical health and performance.

Resistance Training

A form of physical activity that involves the use of resistance to induce muscular contraction, building the strength, anaerobic endurance, and size of skeletal muscles.