A Company Just Starting Business Made the Following Four Inventory

question 43

Multiple Choice

A company just starting business made the following four inventory purchases in June: $$\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & ¥ 5,200 \\\text { June } & 10 & 200 \text { units } & 7,800 \\\text { June } & 15 & 200 \text { units } & 8,400 \\\text { June } & 28 & 150 \text { units } &\underline{ 6,600} \\& & & \underline { ¥ 28,000 }\end{array}$$ 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 cost of goods sold for June is

• A) \(\quad ¥ 8,700\).
• B) \(\quad ¥ 16,960\).
• C) \(\quad ¥ 19,300\).
• D) \(\quad ¥ 20,850\).

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Definitions:

Good Samaritan Law

Legislation designed to protect individuals who voluntarily offer assistance to those in distress from being sued for inadvertent harm or errors made while trying to help.

Malpractice Suit

A legal case initiated by a patient against a healthcare provider, alleging negligence or failure to meet professional standards of care, which resulted in harm or injury to the patient.

Cardiac Arrest

A sudden, unexpected loss of heart function, breathing, and consciousness, usually caused by an electrical disturbance in the heart.

Unsafe Patient Assignment

A situation where a healthcare worker is given a workload or patient care responsibility that exceeds safe limits or their competency.