For the Current Month, the Beginning Inventory of Elipresse Inc $\mathrm{CHF} 6,800$

question 9

Multiple Choice

For the current month, the beginning inventory of Elipresse Inc. consisted of 3 units that cost CHF6,500 each. During the month, the company made two purchases: 4 units at $\mathrm{CHF} 6,800$ each and 1 units at CHF6,750. Elipresse sold 5 units during the month. If Elipresse uses specific identification and wishes to maximize net income, the units costs allocated to cost of goods sold will be:

• A) 5 units@CHF6,500.
• B) 4 units@CHF6,800and 1 unit @CHF6,750
• C)3 units@CHF6,500and 1 unit @CHF6,800
• D)3 units@CHF6,500,1 unit @CHF6,750and 1 unit @CHF6,800

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Definitions:

Lottery Tickets

Pre-purchased tickets for a lottery, a form of gambling where winners are selected by drawing of lots from among those who have paid money to participate.

Daily Drawings

A practice or exercise involving creating a drawing every day, often used to enhance artistic skills or for personal expression.

Weekly Drawings

A regular event, usually organized to select winners by a random draw, commonly used in lotteries or contests.

Belief Perseverance

The tendency to maintain a belief even after the evidence supporting it has been discredited or contradicted.