Santa Fe Tile Company Had the Following Inventory Purchases and Sales

question 34

Multiple Choice

Santa Fe Tile Company had the following inventory purchases and sales during the month of May.The company uses the periodic inventory method. $$\begin{array} { | c | c | c | c | c | c | c | } \hline & \text { Purchases } & & & \text { Sales } & & \\\hline \text { Date } & \text { Units } & \text { Unit Cost } & \text { Total } & \text { Units } & \text { Unit Price } & \text { Total } \\\hline \text { May 1 } & 100 & \$ 4 & \$ 400 & & & \\\hline 5 & 200 & 5 & 1,000 & & & \\\hline 10 & & & & 100 & \$ 10 & \$ 1,000 \\\hline 15 & 100 & 6 & 600 & & & \\\hline 20 & 150 & 7 & 1,050 & & & \\\hline 25 & & & & 200 & 11 & \$ 2,200 \\\hline 30 & 160 & 8 & 1,280 & & & \\\hline & 710 & & \$ 4,330 & 300 & & \$ 3,200 \\\hline\end{array}$$
- If Santa Fe uses average-cost,how much was the Ending inventory balance?

• A) $2.980
• B) $2,480
• C) $2,715
• D) $2,930

---

Definitions:

Linda Hasenfratz

CEO of Linamar Corporation who is known for her leadership in the global manufacturing industry and her promotion of women in engineering and business.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural society, and bilingual official languages of English and French.

Global Leadership

Leadership that is effective across different cultures and international contexts, involving the ability to manage diversity, navigate global trends, and bring people together from various backgrounds.

Service Learning

An educational approach that combines learning objectives with community service, providing students practical experience and skills while benefiting the community.