A Company Had the Following Purchases and Sales During Its

question 1

Multiple Choice

A company had the following purchases and sales during its first month of operations: $\begin{array}{|l|l|}\hline \text { January 1 } & \text { Purchased } 10 \text { units at } \$ 4.00 \text { per unit } \\\hline \text { January } 9 & \text { Sold } 6 \text { units at } \$ 12.00 \text { per unit } \\\hline \text { January 17 } & \text { Purchased } 8 \text { units at } \$ 5.50 \text { per unit } \\\hline \text { January 27 } & \text { Sold } 7 \text { units at } \$ 12.00 \text { per unit } \\\hline\end{array}$ Using the Perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)

• A)$23.35.
• B)$24.00.
• C)$40.00.
• D)$59.00.
• E)$25.00.

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Definitions:

DRO

A behavioral intervention technique known as Differential Reinforcement of Other behavior, where reinforcement is delivered for any behavior other than a target behavior.

Serial Position

The tendency to recall items from the beginning and end of a list better than those in the middle.

Positive Contrast

The phenomenon where the perceived quality or response to a stimulus increases when it is contrasted with a less preferable stimulus.

Negative Contrast

The phenomenon where an organism shows a reduced response to a less favorable or smaller reward after experiencing a more favorable or larger reward.