Use the Following Information for the Month of June for Questions

question 60

Multiple Choice

Use the following information for the month of June for questions.
XYZ Inc. uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 22 Sale 40 units
-Total cost of goods sold for the month of June is

• A) $2,914.65.
• B) $2,934.96.
• C) $2,946.24.
• D) $2,994.80.

---

Definitions:

Higher Levels

A term that may refer to advanced stages or degrees of understanding, consciousness, or development in various contexts.

Preoperational Stage

A stage in Piaget’s theory of cognitive development, occurring from about 2 to 7 years of age, during which children learn through pretend play but struggle with logic and understanding others' perspectives.

Egocentrism

A cognitive bias that leads individuals to view the world solely from their own perspective, often accompanied by a lack of empathy for others' views or feelings.

Cognitive Development

The process by which individuals acquire, construct, and use mental abilities and skills over time.