Laser Listening Has the Following Inventory Data A Physical Count of Merchandise Inventory on November 30 Reveals

question 132

Multiple Choice

Laser Listening 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.Assuming that the specific identification method is used and that ending inventory consists of 30 units from each of the three purchases and 10 units from the November 1 inventory cost of goods sold is

• A)$640.
• B)$1286
• C)$1281
• D)$1254

---

Definitions:

Market-oriented

A business approach focused on understanding and meeting the needs and wants of customers in a specific market.

CEO

Chief Executive Officer; the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.

Mission Statement

A formal summary that defines the core purpose, objectives, and values of an organization, guiding its actions and decisions.

Strategic Fit

The alignment between an organization's resources and capabilities with its external environment and strategic objectives, essential for achieving success.