RJ Corporation Has Provided the Following Information About One of Their

question 108

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 LIFO cost flow assumption?

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

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Definitions:

Ca2+ Binding

The process by which calcium ions (Ca2+) bind to specific molecules or cellular components, playing crucial roles in various biological processes including muscle contraction and neurotransmitter release.

Cross-bridging

refers to the interaction between actin and myosin filaments in muscle fibers during contraction, allowing for force generation.

Myosin Kinase

An enzyme that phosphorylates myosin light chains, which is crucial in the contraction of muscle cells.

Hypertrophy

An increase in the size of muscles or tissues, often as a result of exercise.