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:

Time Compression

refers to strategies and efforts made to reduce the time taken to complete tasks or processes, often by streamlining operations, enhancing efficiency, or adopting new technologies.

Monte Carlo Simulation

A computational algorithm that uses repeated random sampling to obtain numerical results, often used in risk analysis and decision making.

Random Numbers

Numerical values generated in such a way that each possible number has an equal chance of being selected, often used in simulations and cryptographic applications.

Time Compression

Techniques or strategies aimed at reducing the time needed to complete processes or activities, thereby increasing efficiency.