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:

Esterase Production

Refers to the biological synthesis of esterases, enzymes that split esters into an acid and an alcohol in a chemical reaction with water.

Beneficial Allele

An allele that contributes to an increased fitness of an organism, enhancing survival and reproduction in a specific environment.

Fixation

The process by which a genotype or allele reaches a frequency of 100% in a population, eliminating all other variations.

Infinite Size

A concept often used in population genetics to describe a population so large that genetic drift and sampling errors are negligible.