Table 6-2 On December 31, a Physical Count Reveals 80 Units in
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question 81

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, assuming all goods are sold throughout the year for $17 per unit, gross margin calculated under the periodic FIFO method would be:

• A)$1,210.
• B)$1,260.
• C)$1,150.
• D)$900.

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Definitions:

Purging Behaviour

Actions taken to try to rid the body of consumed food and calories, typically observed in eating disorders, including self-induced vomiting or misuse of laxatives.

Anorexia

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.

Bulimia

An eating disorder marked by binge eating followed by methods to avoid weight gain, such as vomiting or excessive exercise.

Binge Eating Disorder

An eating disorder marked by recurrent episodes of eating large quantities of food in a short period of time, accompanied by feelings of loss of control and often shame or guilt afterward.