Quark Inc Just Began Business and Made the Following Four Inventory

question 133

Multiple Choice

Quark Inc. just began business and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is

• A) $1,105.
• B) $1,100.
• C) $1,170.
• D) $1,180.

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Definitions:

Variable-ratio

A type of reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses, making it very effective in maintaining high rates of responding.

Fixed-interval

A fixed-interval schedule in operant conditioning refers to reinforcing a response at fixed time intervals, regardless of the number of responses made.

Variable-interval

A schedule of reinforcement where rewards are given after variable intervals of time, making the timing of the reward unpredictable.

Fixed Interval

A schedule of reinforcement where a response is only rewarded after a specific amount of time has passed.