A Company Just Starting Business Made the Following Four Inventory

question 130

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. The inventory method which results in the highest gross profit for June is

• A)the FIFO method.
• B)the specific identification method.
• C)the average-cost method.
• D)not determinable.

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Definitions:

Employee Retention

The ability of an organization to keep its employees and reduce turnover by creating a positive working environment.

Pay Performance Alignment

involves designing compensation structures to directly link employee remuneration with their performance outcomes or achievements.

Donald Kirkpatrick

An American professor and human resources and training specialist best known for creating a model (Kirkpatrick Model) for evaluating the effectiveness of training programs.

Bottom-Line Results

The final outcome or net income of a business's operations, indicating the effectiveness of financial management.