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Yucca CoUpdates Its Inventory Periodically

question 174

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Yucca Co.updates its inventory periodically.The company's beginning inventory was $4,860 and purchases were $10,080 during the year.The company's ending inventory count was $9,000.What was the amount of its cost of goods sold?


Definitions:

Locus Of Control

Locus of Control is a psychological concept that describes the extent to which individuals believe they have power over the events in their lives, traditionally classified as either internal or external.

Behavior Potential

The likelihood of expressing a particular behavior in a specific situation, dependent on the reinforcement of the behavior.

Reinforcement

In behaviorism, a stimulus that increases the likelihood of a behavior being repeated.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which in turn increases or decreases the likelihood of that behavior being repeated.

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