Calculate the Cost of Sales for a Retailer Using the Periodic

question 65

Multiple Choice

Calculate the cost of sales for a retailer using the periodic inventory system from the following details. $$\begin{array} { | l | l | } \hline \text { Purchases } & \$ 520,000 \\\hline \text { Beginning inventory } & 180,000 \\\hline \text { Purchase returns and allowances } & 50,000 \\\hline \text { Purchase discounts } & 12,000 \\\hline \text { Freight in } & 18,000 \\\hline \text { Ending inventory } & 180,000 \\\hline\end{array}$$

• A)$520,000
• B)$476,000
• C)$836,000
• D)$494,000

Understand the biochemical mechanisms that facilitate muscle function.

Describe the morphology and naming conventions of muscles based on their anatomical or functional characteristics.

Understand the purpose and guidelines for making effective claims or requests for adjustments.

Recognize and apply the proper format and tone in routine messages and positive communications.

---

Definitions:

Prefrontal Cortex

The region of the brain associated with planning, decision making, moderating social behaviour, and personality expression.

High-Stakes Test

An evaluation that is critical in determining success or failure. If a single test determines whether a student will graduate or be promoted, it is a high-stakes test.

International Baccalaureate

A worldwide educational program that offers challenging educational programs to students from primary school through high school.

Advanced Placement

A program in the United States and Canada offering college-level curriculum and examinations to high school students.