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Kenny has just graduated University.To celebrate his recent success Kenny goes to the car dealership to purchase a car.He finds one he likes and uses the money left over from his schooling tuition that he made from selling marijuana to students to pay for it.According to Merton which mode adaption was Kenny?
Weighted-Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving more weight to some numbers than others.
Cost of Goods
The total expense incurred to create products or services sold by a company, including labor, materials, and overhead.
LIFO Method
Last In, First Out method, an inventory costing method where the last items purchased are the first ones sold.
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