Table 6-5
Assume the Following Data for Kruger Sales for November

question 104

Essay

Table 6-5
Assume the following data for Kruger Sales for November 2019: $\begin{array}{ll}\text { Beginning inventory Nov. } 1 & 5 \text { units at } \$ 90 \text { each } \\\text { Sale Nov. } 3 & 3 \text { units at } \$ 120 \text { each } \\\text { Nov. } 6 \text { purchase } & 11 \text { units at } \$ 95 \text { each } \\\text { Sale Nov. } 8 & 4 \text { units at } \$ 120 \text { each } \\\text { Sale Nov. } 9 & 3 \text { units at } \$ 120 \text { each }\end{array}$
On November 30, a physical count reveals 6 units on hand.
-Refer to Table 6-5. Calculate ending inventory for Kruger Sales assuming the periodic FIFO cost method is being used.

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Definitions:

Behavior

The actions or reactions of an entity, often in response to its environment.

Moral Hazard

The situation in which an individual or entity is more likely to take risks because the potential costs will not be borne by them but by another party.

Efficient Behavior

Efficient behavior refers to actions that maximize the desired outputs or results with the least amount of wasted effort or resources.

Insurance Industry

The sector of the economy that provides coverage against financial loss, including various types of insurance products and services.