On May 5, a Firm Purchased 20 Units of Materials

question 79

Multiple Choice

On May 5, a firm purchased 20 units of materials at a unit price of $2.20. On May 15, the firm purchased 35 units at a unit price of $2.45. If the firm uses the FIFO method of inventory pricing, the total cost of 30 units issued on May 20 would be:

• A)$66.00.
• B)$68.50.
• C)$73.50.
• D)$69.75.

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Definitions:

Supinator

A muscle located in the forearm that rotates the forearm and hand outward, allowing the palm to face upwards.

Deltoid

A large, triangular-shaped muscle covering the shoulder joint that is responsible for rotating and lifting the arm.

Phrenic Nerve

A nerve that originates in the neck and passes down between the lung and heart to reach the diaphragm, crucial for breathing as it controls the diaphragm's movements.

Rectus Abdominus

A long muscle running from the pubis to the ribcage, involved in flexing the lumbar spine and stabilizing the pelvis and core.