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

question 70

Multiple Choice

Henri Company's inventory records show the following data: $\begin{array}{llrr}&&\text { Units }&\text { Unit Cost }\\\text { Inventory,}&\text { January 1 } & 10,000 & \$ 9.20 \\\text { Purchases: } & \text { June } 18 & 9,000 & 8.00 \\&\text { November 8 } & 6,000 & 7.25\end{array}$

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. Under the LIFO method cost of goods sold is

• A) $29000.
• B) $179900.
• C) $179300.
• D) $178500.

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Definitions:

MRSA Positive

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Nasal Culture

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Susceptible Host

An individual or organism that is vulnerable or lacks resistance to an infectious agent, thus at risk of becoming infected.

Salmonella Poisoning

An infection caused by Salmonella bacteria, often leading to gastrointestinal illness and symptoms such as diarrhea and vomiting.