Use the Following Information for Questions

question 53

Multiple Choice

Use the following information for questions.
A company just starting its business made the following four inventory purchases in June: On June 25, the company made its first sale when a local customer purchased 500 units for $3,500. The company uses a perpetual inventory system.
-Mandy Corp. purchased inventory as follows:March 3 500 units at $18March 4 300 units at $20March 7 200 units at $22On March 5, Mandy sold 600 units for $18 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is

• A) $18.80.
• B) $19.40.
• C) $25.00.
• D) $16.67.

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Definitions:

Isomeric Form

Variants of a molecule that have the same molecular formula but differ in the arrangement of atoms within the molecule or in their spatial orientation.

Enzyme

Biological molecules that significantly speed up the rate of virtually all the chemical reactions within cells.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms held together by covalent bonds.

Activation Energy

The minimum energy required to start a chemical reaction.