Method for a Periodic Inventory System, Rounding to the Nearest

question 44

Multiple Choice

method for a periodic inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.)
$\begin{array} { l l l } 1 / 1 & \text { Beginning inventory } & 50 \text { units at } \$ 10 \text { per unit } \\3 / 5 & \text { Purchases } & 30 \text { units at } \$ 14 \text { per unit } \\5 / 30 & \text { Purchases } & 25 \text { units at } \$ 15 \text { per unit } \\10 / 25 & \text { Purchases } & 20 \text { units at } \$ 16 \text { per unit } \\12 / 31 & \text { Ending inventory } & 45 \text { units }\end{array}$

• A) $581
• B) $720
• C) $619
• D) $450

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Definitions:

Precision

The quality of being exact, accurate, and careful about details.

Self-Disclosure

The act of revealing personal information about oneself to others, which can play a crucial role in developing intimacy and trust in relationships.

Personal Information

Data about an individual that identifies them or can be used to identify them, such as their name, address, and preferences.

Jealousy

An aversive response that occurs because of a partner’s real, imagined, or likely involvement with a third person.