A Company Uses the Periodic Inventory System and Had the Following

question 60

Multiple Choice

A company uses the periodic inventory system and had the following activity during the current monthly period. $$\begin{array} { | l | l | l | } \hline \text { November 1: } & \text { Beginning inventory } & 100 \text { units } @ \$ 20 \\\hline \text { November } 5 : & \text { Purchased } & 100 \text { units } @ \$ 22 \\\hline \text { November } 8 : & \text { Purchased } & 50 \text { units } @ \$ 23 \\\hline \text { November 16: } & \text { Sold } & 200 \text { units } @ \$ 45 \\\hline \text { November 19: } & \text { Purchased } & 50 \text { units } @ \$ 25 \\\hline\end{array}$$ Using the weighted-average inventory method, the company's ending inventory would be:

• A)$4,400
• B)$2,250
• C)$2,400
• D)$2,200
• E)$2,000

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Definitions:

Ladder Logic

A programming language that represents electronic switching circuits; widely used in programming PLCs.

Control Process

A method or procedure in automation or management used to direct, monitor, and regulate the behavior and operations of a system to achieve desired results.

Limit Switch

An electromechanical device used to detect the presence or absence of an object when it reaches a designated point.

Pressure Switch

A switch activated at a specified pressure.