Use the Following Information for Questions

question 55

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.
-The inventory cost formula that results in the highest gross profit for June is

• A)FIFO.
• B)average.
• C)Gross profit is the same under both cost formulas.
• D)not determinable.

---

Definitions:

White Racism

Racial prejudice and discrimination originating from individuals who identify as white.

Privileged Position

A status that affords an individual or group certain advantages or benefits over others, often due to systemic inequalities in society.

Men

Adult human males, often referenced in discussions about gender roles, masculinity, and societal expectations.

Whites

Refers to individuals or populations characterized by lighter skin tones, often used in the context of discussing racial and ethnic identities.