ReadersCom Uses a Perpetual Inventory System If Readers

question 63

Multiple Choice

Readers.com uses a perpetual inventory system. feb.
$\begin{array}{rlr}1 & \text { On hand, } 30 \text { units at } \$ 5.00 \text { each } & \$ 150 \\8 & \text { Purchased } 40 \text { units at } \$ 5.35 \text { each } & 214 \\15 & \text { Sold } 50 \text { units } & \\22 & \text { Purchased } 40 \text { units at } \$ 5.20 \text { each } & 208\\28& \text { On hand, 60 units }\end{array}$ If Readers.com uses the moving average method, how much is ending inventory on February 28?

• A) $312
• B) $318
• C) $300
• D) $306

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Definitions:

Sexism

The belief or behavior based on the idea that one sex is superior to another, often resulting in discrimination or prejudice against people based on their sex or gender.

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Adam Smith, an 18th-century Scottish economist and philosopher, renowned as the father of modern economics for his works on free market policies and the division of labor.

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