Table 6-2 On December 31, a Physical Count Reveals 80 Units in
\hline

question 40

Multiple Choice

Table 6-2 $\begin{array} { | l | l | } \hline \text { Manuary } 1 \text { inventory balance } & 100 \text { units at } \$ 10 \text { per unit } \\\hline \text { March } 2 \text { purchase } & 50 \text { units at } \$ 11 \text { per unit } \\\hline \text { July } 8 \text { purchase } & 80 \text { units at } \$ 10 \text { per unit } \\\hline \text { November } 15 \text { purchase } & 30 \text { units at } \$ 12 \text { per unit } \\\hline\end{array}$ On December 31, a physical count reveals 80 units in ending inventory.
-Referring to Table 6-2, the cost of ending inventory using the periodic FIFO method would be:

• A)$1,910.
• B)$860.
• C)$800.
• D)$850.

---

Definitions:

New Equity Offering

A financial process where a company issues new shares to the public or existing shareholders to raise capital.

Outstanding Shares

The cumulative count of a corporation's shares that have been distributed and are presently held by investors.

Spread

The difference between two values or rates, commonly used in financial contexts to describe the gap between bid and ask prices or the yield differences between bonds.

Secondary Equity Offering

A process where a company issues additional shares to the public after the initial public offering (IPO) to raise more capital.