RJ Corporation Has Provided the Following Information About One of Their

question 10

Multiple Choice

RJ Corporation has provided the following information about one of their inventory items:

$$\begin{array}{ll}\begin{array} { ll } \text { Date } & \text { Transaction } \\1 / 1 & \text { Beginning Inventory } \\6 /6& \text { Purchase } \\9 / 10 & \text { Purchase } \\11/ 15 & \text { Purchase }\end{array}\begin{array} { l l} \text { Number of Units } & \text { Cost per Unit } \\400& \$ 3,200 \\800 & \$ 3,600 \\1,200 & \$ 4,000 \\800 & \$ 4,200\end{array}\end{array}$$
During the year,3,000 units were sold. What was cost of goods sold using the FIFO cost flow assumption?

• A)$11,680,000
• B)$11,590,000
• C)$11,480,000
• D)$11,550,000

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Definitions:

Positron Emission Tomography

An imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes in the body.

Residual Barium

Barium remaining in the intestinal tract following evacuation at the completion of X-ray studies.

Intestinal Tract

A major part of the digestive system, consisting of a series of hollow organs joined in a long, twisting tube from the stomach to the anus.

X-Ray Studies

Medical imaging tests that use X-rays to view the internal structures of the body, helping in diagnosis and treatment planning.