Use the Following Information for the Month of June for Questions

question 98

Multiple Choice

Use the following information for the month of June for questions
XYZ Inc.uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)

-The cost of goods sold for the June 8 sale is

• A)$1,480.00.
• B)$1,505.00.
• C)$1,527.68.
• D)$1,540.00.

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Definitions:

Smog

A type of air pollution characterized by a fog-like appearance, resulting from the reaction of sunlight with pollutants such as vehicle emissions and industrial discharges.

Local Climate

The average weather conditions in a specific area over a long period, influenced by its geography, altitude, and proximity to bodies of water.

Ozone Hole

A region of significantly depleted ozone in the Earth's stratosphere, primarily over the Antarctic, due to the release of chemical pollutants.

Thermal Inversion

A meteorological condition in which a layer of warm air traps pollution and colder air beneath it, possibly leading to smog and health issues.