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

question 23

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 cost of goods sold for the two months assuming that Sam's uses the perpetual weighted-average inventory method?

• A)$38,772
• B)$42,523
• C)$49,700
• D)$46,996

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Definitions:

STDs

Sexually Transmitted Diseases; infections transmitted through sexual contact caused by bacteria, viruses, or parasites.

Resource Investment

The allocation of resources, such as time, money, and effort, towards activities that are expected to yield benefits.

Attractive People

Individuals who are generally perceived by others as having pleasing physical features, often influenced by societal standards of beauty.

Self-Esteem

A person's overall subjective emotional evaluation of their own worth; it is a judgment of oneself as well as an attitude toward the self.