A Company Completed the Following Transactions in the Order Given

question 7

Multiple Choice

A company completed the following transactions in the order given in its first year of operations: $\begin{array} { |l|l|l| } \hline&& \text { unit}\\\hline \text { transaction}& \text {units }& \text {coasts }\\\hline \text { Purchase.}&300&\$4.00\\\hline \text { Purchase.}&200&4.20\\\hline \text { Sales (@ \$8.00) }&280\\\hline \text { Purchase.}&400&4.40\\\hline \text { Sales (@ \$8.00) }&360\\\hline\end{array}$
Using the weighted-average inventory cost method (rounding each calculation to the nearest cent) the gross margin would be:

• A)$2,463.78
• B)$2,422.84
• C)$2,433.20
• D)$2,376.00

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and psychosexual development.

Erogenous Zone

An area of the human body that has heightened sensitivity, the stimulation of which may generate a sexual response, including sexual arousal and the production of sexual pleasure.

Stages of Development

The theory that human growth and development occur in distinct phases, each characterized by specific psychological and physical features.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories on the unconscious mind, defense mechanisms, and sexuality.