Given the Following Data, What Is the Cost of Goods

question 119

Multiple Choice

Given the following data, what is the cost of goods sold rounded to the nearest whole dollar using periodic FIFO? $\begin{array} { | l | l | } \hline \text { Sales revenue } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { Beginning inventory } & 50 \text { units at } \$ 8 \text { per unit } \\\hline \text { Purchases } & 90 \text { units at } \$ 9 \text { per unit } \\\hline\end{array}$

• A)$400
• B)$360
• C)$890
• D)$850

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Definitions:

Body Mass Index (BMI)

A measure of body fat based on height and weight that applies to adult men and women.

Overweight

Having more body fat than is optimally healthy, considered as having a body mass index (BMI) over 25.

Obese

A medical condition characterized by excessive body fat accumulation, which poses a risk to health.

Bulimia

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors like vomiting to prevent weight gain.