Quark IncJust Began Business and Made the Following Four Inventory Purchases

question 117

Multiple Choice

Quark Inc.just began business and made the following four inventory purchases in June: $$\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & \$ 990 \\\text { June } & 10 & 200 \text { units } & 1,344 \\\text { June } & 15 & 200 \text { units } & 1,368 \\\text { June } & 28 & 150 \text { units } & 1,062 \\& & & \$ 4,764\end{array}$$ A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.Using the FIFO inventory method the amount allocated to ending inventory for June is

• A)$1326.
• B)$1320.
• C)$1404.
• D)$1416.

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Definitions:

Cingulate Cortex

A part of the brain situated in the medial aspect of the cerebral cortex, involved in emotional regulation, pain processing, and memory.

Memory Functions

The processes by which information is encoded, stored, and retrieved in the brain, enabling learning and the retention of experiences over time.

Integrative Functions

The processes within the nervous system that combine sensory perceptions and higher cognitive functions (like memory and decision-making) to produce a coherent response.

Cortex

The outer layer of the brain involved in high-level functions such as consciousness, memory, thought, and emotion.