A Company Just Starting in Business Purchased Three Merchandise Inventory

question 133

Multiple Choice

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $65; Second purchase $78; Third purchase $68. If the company sold two units for a total of $200 and used FIFO costing the gross profit for the period would be

• A) $55.
• B) $57.
• C) $62.
• D) $68.

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Definitions:

Unpleasant Consequences

Negative outcomes or penalties that follow undesired actions or behaviors, often used as deterrents.

Behavior Therapy

A therapeutic approach focused on changing negative behaviors into positive ones through reinforcement and conditioning techniques.

Undesired Behavior

Behavior that is considered unacceptable or inappropriate by society, an individual, or a specific group.

Token-economy System

A behavioral modification technique based on systematic reinforcement, using tokens as conditional reinforcement that can be exchanged for desired rewards.