Table 6-6 Sam's Wholesale Bikes -Refer to Table 6-6

question 72

Multiple Choice

Table 6-6 Sam's Wholesale Bikes $$\begin{array} { | l | l | } \hline \text { January } 1 \text { inventory balance } & 15 \text { units at } \$ 350 \text { per unit } \\\hline \text { January } 4 \text { purchase } & 50 \text { units at } \$ 375 \text { per unit } \\\hline \text { January } 15 \text { sale } & 40 \text { units at } \$ 550 \text { per unit } \\\hline \text { February } 8 \text { purchase } & 80 \text { units at } \$ 405 \text { per unit } \\\hline \text { February } 15 \text { sale } & 70 \text { units at } \$ 550 \text { per unit } \\\hline\end{array}$$
-Refer to Table 6-6. What is the value of the February ending inventory assuming that Sam's uses the perpetual weighted-average inventory method?

• A)$13,877
• B)$17,628
• C)$6,700
• D)$9,404

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Definitions:

Wholesaling Functions

Activities involved in the sale of goods in large quantities for resale by retailers or other merchants, including distribution, storage, and price negotiation.

Outsourcing Functions

The practice of assigning certain business processes or tasks to external agencies or contractors instead of handling them internally.

Internet

A global network of interconnected computers and servers that enables the exchange of data, communication, and access to information.

Consumers

Individuals or organizations that use or intend to use goods and services generated within the economy, fulfilling their needs and desires.