Quan Uses a Periodic Inventory System ? If Quan, Inc

question 206

Multiple Choice

Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. April $\begin{array}{ll}1&\text { On hand, } 10 \text { units } @ \$ 2 \text { each } & \$ 20 \\19&\text { Purchased } 90 \text { units } @ \$ 3 \text { each } & \$ 270 \\&\text { Goods available for sale } & \$ 290\end{array}$ ? If Quan, Inc.uses the weighted average cost inventory method, how much is cost of goods sold for April?

• A) $240
• B) $250
• C) $230
• D) $232

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Definitions:

Flooding

A behavioral therapy technique used to treat phobias and anxiety disorders by exposing the patient to their fear object or context without any danger, in order to overcome their anxiety.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.

Research

The systematic investigation and study of materials and sources in order to establish facts and reach new conclusions.

Avoidance Responses

Behaviors aimed at preventing exposure to feared stimuli, which can reinforce anxiety and phobic disorders.