Table 6-4
Assume the Following Data for Burnette Sales for 2019

question 120

Multiple Choice

Table 6-4
Assume the following data for Burnette Sales for 2019: $$\begin{array} { | c | l | } \hline \text { Beginning inventory } & 10 \text { units at } \$ 7 \text { each } \\\hline \text { March } 18 \text { purchase } & 15 \text { units at } \$ 9 \text { each } \\\hline \text { Sale } & 20 \text { units at } \$ 15 \text { each } \\\hline \text { June } 10 \text { purchase } & 20 \text { units at } \$ 10 \text { each } \\\hline \text { Sale } & 12 \text { units at } \$ 15 \text { each } \\\hline \text { October } 30 \text { purchase } & 12 \text { units at } \$ 11 \text { each } \\\hline \text { Sale } & 10 \text { units at } \$ 16 \text { each } \\\hline\end{array}$$ On December 31, a physical count reveals 15 units on hand.
-Refer to Table 6-4. Assume a perpetual inventory system. Under FIFO method, the cost of goods sold for the second sale (12 units) would be calculated as:

• A)$165.
• B)$105.
• C)$115.
• D)$135.

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Definitions:

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a role in muscle activation, arousal, attention, and memory.

Agonist

A chemical or drug that binds to receptors in the brain and causes a response, often mimicking the action of naturally occurring substances.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

Dopamine Pathways

Neural pathways in the brain that transmit dopamine, a neurotransmitter involved in reward, motivation, pleasure, and the regulation of movement and emotions.