A Company Had the Following Purchases and Sales During Its

question 137

Multiple Choice

A company had the following purchases and sales during its first year of operations: $$\begin{array} { | l | l | l | } \hline & \text { Purchases } & \text { Sales } \\\hline \text { January: } & 10 \text { units at } \$ 120 & 6 \text { units } \\\hline \text { February: } & 20 \text { units at } \$ 125 & 5 \text { units } \\\hline \text { May: } & 15 \text { units at } \$ 130 & 9 \text { units } \\\hline \text { September: } & 12 \text { units at } \$ 135 & 8 \text { units } \\\hline \text { November: } & 10 \text { units at } \$ 140 & 13 \text { units } \\\hline\end{array}$$ On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

• A)$3,405.
• B)$3,200.
• C)$3,270.
• D)$3,540.
• E)$3,365.

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Definitions:

Western Artists

Artists originating from or primarily associated with the Western world (Europe, North America, Australasia), often referenced in the context of Western art history or culture.

Local Artists

Artists who produce and showcase their work primarily within their local communities or regions, contributing to the cultural and creative landscape.

Developing Nations

Countries that are in the process of industrialization and show lower levels of economic and industrial development compared to more developed nations, often working towards improving living conditions.

Flow Of Media Products

The distribution and movement of media content through various channels, platforms, and across geographic boundaries.