Dobler Company Uses a Periodic Inventory System An End of the Month (1/31/2022) Inventory Showed That 240

question 81

Multiple Choice

Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: $$\begin{array} { l l r r } & \underline { \text { Units } } & \underline{\text { Per unit price }} & \underline { \text { Total } } \\\text { Balance, } 1 / 1 / 2022 & 300 & \$ 5.00 & \$ 1,500 \\\text { Purchase, } 1 / 15 / 2022 & 150 & 5.30 & 795 \\\text { Purchase, } 1 / 28 / 2022 & 150 & 5.50 & 825\end{array}$$ An end of the month (1/31/2022) inventory showed that 240 units were on hand.How many units did the company sell in January 2022?

• A)90
• B)240
• C)300
• D)360

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Definitions:

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the price they actually spend.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Consumer Surplus

The contrast between the theoretical sum consumers are prepared to pay and the practical sum they pay for a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service compared to its market price, representing their net benefit.