Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 40

Multiple Choice

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

What was the value of cost of goods sold of Algo, using the moving weighted average assumption and a perpetual inventory system?

• A) $2640
• B) $2700
• C) $2720
• D) $3180

---

Definitions:

Compartmentalize

To separate or divide into distinct sections or categories, often as a method of dealing with conflicting or diverse tasks or emotions.

Social Psychologists

Researchers who study how individuals think, feel, and behave in social contexts.

Insincere

Characterized by a lack of genuineness or honesty in expression; not expressing genuine feelings.

Trustworthiness

The ability to be relied on as honest or truthful.