Use the Following Information for Questions

question 51

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 FIFO cost formula, the cost of the ending inventory on June 30 is

• A)$645.
• B)$695.
• C)$1,650.
• D)$1,700.

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Definitions:

Speech Sound Disorder

A condition where a person has difficulty producing or pronouncing sounds correctly, affecting verbal communication.

Articulation

The physical production of particular speech sounds and the clarity with which these sounds are produced in spoken language.

Childhood Onset Fluency

A speech disorder originating in childhood that affects the flow, speed, and rhythm of speech, often referred to as stuttering.

Stutters

A speech disorder characterized by repeated or prolonged sounds, syllables, or words, disrupting the normal flow of speech.