Elly Company Uses a Periodic Inventory System An End of the Month (1/31/22) Inventory Showed That 150

question 91

Multiple Choice

Elly Company uses a periodic inventory system. Details for the inventoryand purchases accounts for the month of January, 2022 are as follows: $\begin{array}{llrr}&\text { Units } &\text { Per unit price } & \text { Total }\\\hline\text { Balance, } 1 / 1 / 22 &200& \$ 5.00 & \$ 1,000 \\\text { Purchase, } 1 / 15 / 22 & 100 & 5.30 & 530 \\\text { Purchase, } 1 / 28 / 22 & 100 & 5.50 & 550\end{array}$ An end of the month (1/31/22) inventory showed that 150 units were on hand. How many units did the company sell during January, 2022?

• A) 50
• B) 150
• C) 200
• D) 250

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Definitions:

Unfreezing

The initial phase in the change process, where existing behaviors or attitudes are challenged to prepare for change.

Changing

The process of making something different, usually by altering, substituting, or transforming it.

Refreezing

In the context of change management, it is the process of stabilizing a group or organization at a new state of equilibrium.

Decision-making Process

A systematic approach to making choices among various options based on reasoning and analysis.