Use the Following Information for Questions

question 38

Multiple Choice

Use the following information for questions
A company just starting its business made the following four inventory purchases in June:
On June 25, the company made its first sale when a local customer purchased 500 units for $3,500.The company uses a perpetual inventory system.
-Using the average cost formula, the cost of the ending inventory on June 30 is

• A)$670.00.
• B)$690.50.
• C)$1,645.55.
• D)$1,675.00.

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Definitions:

Management Model

A framework or blueprint that outlines how an organization's resources are mobilized and managed to achieve its goals.

Mutual Adjustment Method

A process of achieving coordination through informal communication and spontaneous interaction among members.

Horizontal Communication

The exchange of information between individuals at the same level in an organizational hierarchy.

Peers

Individuals who are of similar age, status, or interest, often within a certain context like school or work.