XYZ Inc Uses the Average Cost Formula in a Perpetual Inventory

question 27

Multiple Choice

XYZ Inc. uses the average cost formula in a perpetual inventory system. Use the following
information for the month of June for questions . (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)
-YZ Inc. has an ending inventory on June 30 of

• A)$1,370.00
• B)$1,418.56.
• C)$1,429.90.
• D)$1,450.15.

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Definitions:

Davis-Moore Thesis

A sociological proposition that argues for the functional necessity of social stratification and inequality for the optimal performance of a society.

Social Inequality

The presence of unequal opportunities and rewards for different social positions or statuses within a group or society.

Functional

Working or operating in a way that fulfills the purpose or task for which something was designed.

Upper Class

A social group at the top of a socioeconomic hierarchy, usually possessing significant wealth, power, and influence.