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

question 2

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 gross profit for Kruger Sales assuming the periodic FIFO cost method is being used.

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Definitions:

Tertiary

Pertains to the third in order, level, or stage, often used in education (tertiary education refers to post-secondary education) or in describing stages of economic activities.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a concept developed during infancy.

Secondary Circular Reactions

A stage in Piaget's theory of cognitive development where infants repeat actions that produce pleasurable or interesting results, typically observed from 4 to 8 months of age.

Inborn Reflexes

Reflex actions that are present from birth, not learned, and occur naturally in response to certain stimuli, playing key roles in early development and survival.