Serene Stereos Has the Following Inventory Data A Physical Count of Merchandise Inventory on November 30 Reveals

question 36

Multiple Choice

Serene Stereos has the following inventory data: $$\begin{array} { r l r } \text { Nov. } 1 & \text { Inventory } & 30 \text { units } @ \$ 6.00 \text { each } \\8 & \text { Purchase } & 120 \text { units } @ \$ 6.45 \text { each } \\17 & \text { Purchase } & 60 \text { units } @ \$ 6.30 \text { each } \\25 & \text { Purchase } & 90 \text { units } @ \$ 6.60 \text { each }\end{array}$$ A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand.Cost of goods sold under FIFO is

• A)$657
• B)$1269
• C)$632
• D)$1295

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Definitions:

External Nares

The external openings of the nasal cavity, commonly known as nostrils, through which air enters and exits.

Trachea

Air tube extending from the larynx into the thorax, where it divides to form the bronchi; composed of 16–20 rings of hyaline cartilage.

Nasal Conchae

Curved bony projections located within the nasal cavity that help to increase the surface area for humidifying and filtering inhaled air.

Pseudostratified Ciliated Columnar Epithelium

A type of tissue lining some airways of the respiratory system, characterized by the appearance of being layered but actually consisting of a single layer of cells with varying nuclei heights and possessing cilia.