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

question 130

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. Under the FIFO method (assuming a perpetual inventory system) , ending inventory would be valued at:

• A)$162.
• B)$105.
• C)$115.
• D)$135.

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Definitions:

Growth and Development

The process through which humans and other organisms undergo changes in size, shape, and function over time, encompassing physical, cognitive, and emotional development.

Life Span

The maximum duration of life of a species or individual, often considered in the context of factors that influence the length and quality of life.

Aging and Illness

The relationship and impact that the natural aging process has on the onset and management of diseases.

Deconditioning

The loss of physical fitness or muscle strength due to inactivity or prolonged rest.