$\begin{array}{ll}\text { October } & 75,000 \\\text { November } & 98,000 \\\text { December } & 63,000\end{array}$

question 85

Multiple Choice

$\begin{array}{ll}\text { October } & 75,000 \\\text { November } & 98,000 \\\text { December } & 63,000\end{array}$ Each jar requires half a pound of berries. Yummy prefers to buy the freshest berries, so its policy is to have just 3% of the following month's production needs in ending inventory. On October 1, the company had 1,125 pounds of berries in inventory. Yummy's pays $0.60 per pound of berries. It buys all berries on account and typically pays 40% of a month's purchases in that month, and the remaining 60% the following month.
-Refer to Figure 9-9. What is the dollar cost of purchases for October?

• A) $19,925
• B) $22,707
• C) $18,450
• D) $23,300
• E) $33,320

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Definitions:

Trustee

A person or firm that holds and administers property or assets for the benefit of a third party.

Creditor

An individual or institution to whom money is owed.

Special Warranty Deed

A Special Warranty Deed is a type of deed in which the seller guarantees they have not impaired the title but only during their ownership.

General Warranty Deed

A type of deed in real estate that provides the highest level of protection for the buyer, where the seller guarantees they hold clear title to the property and have the right to sell it.