Use the Following Information for Questions

question 64

Multiple Choice

Use the following information for questions
A company just starting business made the following four inventory purchases in June: On June 25, the company made its first sale when a local customer purchased 500 units for $3,500.The company uses a perpetual inventory system.
-Using the average cost method, the cost of the ending inventory on June 30 is

• A)$670.00.
• B)$690.45.
• C)$1,645.55.
• D)$1,675.00.

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Definitions:

Delinquency

Behaviors or actions, typically of young people, that violate social norms or laws.

Low Self-control

A tendency to act impulsively without considering the consequences, often leading to risky or undesirable outcomes.

Low Intelligence

Typically refers to significantly below-average cognitive ability, impacting various aspects of life and learning.

Moral Development

The method by which people cultivate appropriate feelings and actions towards others in a community, according to societal and cultural standards, regulations, and legislation.