Use the Following Information for Questions
Transactions for the Month

question 55

Multiple Choice

Use the following information for questions
Transactions for the month of June were: $$\begin{array} { r r r r r r } { \text { Purchases } } && { \text { Sales } } \\\hline \text { June } 1 & \text { (balance) } 800 @ \$ 3.20 & \text { June } 2 & 600 @ \$ 5.50 \\3 & 2,200 @ 3.10 & 6 & 1,600 @ 5.50 \\7 & 1,200 @ 3.30 & 9 & 1,000 @ 5.50 \\15 & 1,800 @ 3.40 & 10 & 400 @ 6.00 \\22 & 500 @ 3.50 & 18 & 1,400 @ 6.00 \\& & 25 & 200 @ 6.00\end{array}$$
-Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is

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Definitions:

Brain

The central organ of the human nervous system, responsible for processing sensory information, regulating vital functions, and facilitating cognition and emotions.

Insanity

A legal term describing a person's inability to determine right from wrong or to understand the consequences of their actions due to mental illness.

Defendant's State

The current legal status or condition of an individual who is facing charges in a court of law.

Time Of Crime

The specific time during which a criminal act was committed.