During the Year Ended 30 June Excelsior Soccer Sold 1800

question 115

Essay

During the year ended 30 June Excelsior Soccer sold 1800 soccer balls at $12.50 each. The entity uses the periodic method of recording inventory. Beginning inventory from 1 July last year amounted to 200 balls at a cost of $1200. Purchases during the year were made in the following order:
580 units @ $6.20
1100 units @ $6.80
300 units @ $7.00
100 units @ $7.10

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Definitions:

Personal Fable

A cognitive distortion experienced during adolescence, where the individual believes their thoughts, feelings, and experiences are unique and not understood by others.

Risky Behavior

Risky behavior encompasses actions that potentially expose individuals to harm or significant risk of negative consequences.

Adolescents

Individuals in the transitional stage of human development between childhood and adulthood, typically ranging from ages 13 to 19, experiencing significant physical, emotional, and social changes.

Electrical Brain Waves

Oscillating electrical voltages in the brain, measurable by EEG, that reflect different states of brain activity.