A Company Purchased 100 Units for $20 Each on January

question 24

Multiple Choice

A company purchased 100 units for $20 each on January 31.It purchased 100 units for $30 on February 28.It sold 150 units for $45 each from March 1 through December 31.If the company uses the average-cost inventory costing method,what is the amount of ending inventory on December 31?

• A) $1,000
• B) $1,250
• C) $2,250
• D) $1,500

Identify the psychological and physiological impacts of pornography usage.

Distinguish between different sexual orientations and their biological underpinnings.

Recognize the role of genetic factors in sexual orientation.

Understand gender differences in sexuality, including erotic plasticity and sexual fantasies.

---

Definitions:

Finished Goods Inventory

The completed products that are ready for sale but have not yet been sold.

Cash Collections

The process of gathering all monies owed to a company by its customers, reflecting inflow of cash.

Master Budget

An integrated set of financial plans that outlines a company’s financial and operational goals for a specific period, including various component budgets like sales, production, and cash budgets.

Finished Goods Inventory

The total value of all completed products that have not yet been sold by the company.