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

question 122

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 system. Under the moving-weighted-average-cost method, the cost of goods sold for the first sale (20 units) would be valued at:

• A)$164.
• B)$105.
• C)$115.
• D)$135.

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Definitions:

Seriation

The cognitive ability to arrange objects in an order based on a specific characteristic, such as size or color.

Cognitive Abilities

A rephrased and new definition for it would be: The mental capabilities that encompass reasoning, memory, attention, and language and lead to the acquisition of information and problem-solving skills.

Cognitive Achievements

Refers to the milestones in understanding, learning, problem-solving, reasoning, and other mental processes that individuals reach throughout their development.

Cognitive Skill

The mental ability required for carrying out tasks that involve processing information, such as thinking, reasoning, problem-solving, and remembering.