Table 6-2 On December 31, a Physical Count Reveals 80 Units in
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question 84

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, cost of goods sold calculated under the periodic FIFO method would be:

• A)$1,800.
• B)$2,160.
• C)$1,910.
• D)$1,850.

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Definitions:

Wolff-Kishner Reduction

A chemical reaction used to convert carbonyl groups (C=O) into methylene (CH2) groups by treatment with hydrazine (N2H4) and a strong base.

Ketone

An organic compound characterized by a carbonyl group (C=O) bonded to two carbon atoms, common in sugars and fragrances.

Hydrazone

A compound formed by the reaction of a hydrazine with a ketone or aldehyde, characterized by a –NHN=C– linkage.

Semicarbazone

Derivatives of semicarbazide that are used as derivatives to characterize aldehydes and ketones, typically involving the formation of crystalline precipitates.