Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 37

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 LIFO assumption in a perpetual inventory system?

• A) $2600
• B) $2700
• C) $2720
• D) $1400

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Definitions:

Pass-Monitoring Task

A cognitive task that assesses an individual's ability to monitor and judge their own responses or behaviors typically for accuracy or correctness.

Directions

Instructions or guidance on how to reach a destination or how to perform tasks and activities.

Visual Search

The task of locating a specific visual target among a field of distractors.

Number of Distracters

The quantity of irrelevant stimuli or options that divert attention away from the target information or choice.