Berring Sales Uses the Average- Cost Method

question 71

Multiple Choice

Berring Sales uses the average- cost method. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale, and calculate the Inventory balance after the 14 January sale. (Please round to the nearest whole dollar.)

• A)$330
• B)$228
• C)$230
• D)$380

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Definitions:

Reinforcement

Reinforcement is a concept in behavioral psychology involving the use of stimuli to increase the likelihood of a specific response; it can be positive (adding a stimulus) or negative (removing a stimulus).

Primary and Secondary Needs

Basic and advanced levels of human needs, where primary needs are physiological, such as food and shelter, and secondary needs include social and psychological aspects.

Information Processing

The methods by which organisms receive, store, retrieve, and manipulate information from their environment.

Generalized Expectations

Beliefs or anticipations about the likelihood of outcomes based on general knowledge or past experiences, without specific evidence for the current situation.