Table 5-5
the Following Items Were Taken from the December

question 52

Multiple Choice

Table 5-5
The following items were taken from the December 31, 2019, records of Speedy Boat Company, which uses a periodic inventory system: $$\begin{array} { | l | r | } \hline \text { Salary payable } & \$ 1,100 \\\hline \text { Sales revenue } & 480,000 \\\hline \text { Interest revenue } & 3,000 \\\hline \text { Freight in } & 20,000 \\\hline \text { Beginning inventory } & 35,000 \\\hline \text { Sales discounts } & 18,000 \\\hline \text { Purchases of inventory } & 240,000 \\\hline \text { Purchase retarns and allowances } & 35,000 \\\hline \text { Purchase discounts } & 10,000 \\\hline \text { Sales returns and allowances } & 35,000 \\\hline \text { Ending inventory } & 80,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest expense } & 7,000 \\\hline \text { Owner withdrawals } & 12,000 \\\hline\end{array}$$
-Refer to Table 5-5. Cost of goods available for sale for Speedy Boat Company is:

• A)$155,000.
• B)$225,000.
• C)$230,000.
• D)$250,000.

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Definitions:

Oedipal Conflict

A phase in Freudian theory where a child feels desire for the opposite-sex parent and jealousy and envy towards the same-sex parent.

Castration Anxiety

A concept in psychoanalytic theory referring to the fear felt in young boys that they could be punished by castration for Oedipal desires towards their mother and rivalry with their father.

Penis Envy

A concept in psychoanalytic theory describing a female's sense of inferiority and jealousy towards males for having a penis, as formulated by Sigmund Freud.

Psychoanalytic Perspective

The psychoanalytic perspective is a theory of psychology founded by Sigmund Freud that emphasizes the role of unconscious processes and childhood experiences in influencing behavior and personality.