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

question 72

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 weighted-average inventory method?

• A)$13,877
• B)$17,628
• C)$6,700
• D)$9,404

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Definitions:

SwampLand and Reclamation Project

An initiative aimed at converting swampland into useful, typically agricultural or urban land.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale of goods takes place, including price, delivery, and product specifics.

Leon County

A county located in the state of Florida, United States, known for being the home of the state capital, Tallahassee.

FTC

The Federal Trade Commission, a U.S. federal agency tasked with consumer protection and the elimination and prevention of anticompetitive business practices.