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

question 30

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 CHF6,800 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@CHF6,500 and 1 unit \( @ \mathrm{CHF}, 800 \)
• D) \( \quad 3 \) units@CHF6,500,1 unit @CHF6,750and 1 unit \( @ C H F 6,800 \)

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Definitions:

Sample Proportion

The fraction of items in a sample meeting a certain criterion, representing a subset of the population fraction with that characteristic.

Sample Mean

The average value of a sample set of numbers, calculated by adding up all the observations and dividing by the number of observations.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of the sample mean compared to the population mean.

Variance

A statistical measure that represents the dispersion or spread of a set of data points, calculated as the average of the squared differences from the mean.