Eaton Electronics Uses a Periodic Inventory System

question 205

Multiple Choice

Eaton Electronics uses a periodic inventory system.On March 31, Eaton has two plasma TVs on hand at a cost of $1,500 each (serial numbers 11534892 and 11534894) .In April, the company purchases four more identical TVs from Toshiba for $1,450 each (serial numbers 11542631 through 11542634) .In May, the company purchases five more identical TVs for $1,600 each (serial numbers 11550964 through 11550968) .In June, Eaton sells two of these TVs (serial numbers 11534894 and 11542631) .There were no additional purchases or sales during the remainder of the year.
-Use the information above to answer the following question.Eaton Electronics uses the FIFO method.What is the cost of its ending inventory?

• A) $13,850
• B) $13,800
• C) $13,760
• D) $13,600

---

Definitions:

Psychostimulants

Drugs that increase activity in the central nervous system and body, often enhancing alertness and physical activity.

Attention-Deficit Hyperactivity Disorder

A neurodevelopmental disorder characterized by patterns of inattention, hyperactivity, and impulsivity that are more pronounced than typical developmental levels.

Treat

To provide with a pleasurable experience or to give medical care and attention to a person or condition.

Phenothiazine

A class of drugs used primarily as antipsychotics to treat conditions like schizophrenia and bipolar disorder.