The Following Refers to Periodic Inventory Compute Cost of Goods Sold

question 100

Multiple Choice

The following refers to periodic inventory: $$\begin{array} { | l | r | } \hline \text { Net sales } & \$ 198,000 \\\hline \text { Purchases } & 92,000 \\\hline \text { Purchases returns and allowances } & 1,800 \\\hline \text { Purchases discounts } & 1,250 \\\hline \text { Freight in } & 1,590 \\\hline \text { Beginning merchandise inventory } & 63,000 \\\hline \text { Ending merchandise inventory } & 37,000 \\\hline\end{array}$$ Compute cost of goods sold.

• A)$116,540
• B)$81,460
• C)$114,950
• D)$53,540

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a response increases the likelihood of that response in the future.

Stimulus Generalization

The tendency to respond in the same way to different but similar stimuli.

Noncontingent Reinforcement

In behavior modification, it involves delivering reinforcement without regard to the individual's actions, potentially reducing undesired behaviors by fulfilling the need that the behavior seeks to satisfy.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain behaviors with specific consequences.