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

question 70

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 FIFO inventory method?

• A)$7,500
• B)$17,500
• C)$14,175
• D)$15,875

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Definitions:

Hyperthyroidism

A condition characterized by the overproduction of thyroid hormones by the thyroid gland, leading to a rapid metabolism.

Hypothyroidism

A condition where the thyroid gland does not produce enough thyroid hormone, leading to a slow metabolism.

Hyperadrenalism

A condition characterized by excessive production of hormones by the adrenal glands, which can lead to various health issues.

Circadian Rhythms

Biological processes that occur on a roughly 24-hour cycle, influencing patterns such as sleep-wake cycles and hormone release.