Henri Company's Inventory Records Show the Following Data A Physical Inventory on December 31 Shows 3000 Units on l

question 41

Multiple Choice

Henri Company's inventory records show the following data: $$\begin{array} { l r r } & \underline { \text { Units } } & \underline { \text { Unit Cost } } \\\text { Inventory, January 1 } & 10,000 & \$ 9.20 \\\text { Purchases: June 18 } & 9,000 & 8.00 \\\text { November 8 } & 6,000 & 7.25\end{array}$$ A physical inventory on December 31 shows 3000 units on hand. Henri sells the units for $12 each. The company has an effective tax rate of 20%. Henri uses the periodic inventory method. The weighted-average cost per unit is

• A) $8.00.
• B) $8.60.
• C) $8.30.
• D) $8.15.

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Definitions:

Compensable Loss

A financial loss for which one can receive compensation, often through insurance or litigation.

Duty of Care

A duty mandated by law placed on a person to exercise reasonable care in actions that might predictably injure other people.

Skateboard

A small, narrow board with two pairs of wheels attached to its bottom, used for the sport of skateboarding.

Negligently Hits

Negligently hitting refers to causing harm or damage to a person or property through careless or irresponsible actions or behaviors.