Martin Sales Had a Beginning Inventory Balance of $120 Made

question 83

Multiple Choice

Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit.Early in the month,they purchased 16 units at $10.00 per unit.Later that month,they sold 15 units.Martin uses a perpetual inventory system,and applies the average-costing method.
-How much is the Ending inventory balance? (When calculating average cost,please round to the nearest cent.When calculating Cost of goods sold and Ending inventory,please round to the nearest whole dollar.)

• A) $122
• B) $126
• C) $118
• D) $109

---

Definitions:

Buffer

A person or thing that reduces the impact of a shock or disturbance, or in computing, a temporary memory storage that holds data.

Cancer

A group of diseases characterized by the presence of new cells that grow and spread beyond control.

Urban Neighborhoods

Urban Neighborhoods refer to the sections within a city, each with its distinct character, comprising a mix of residential, commercial, and public spaces.

Physical Activity

All actions driven by the contraction of skeletal muscles leading to the use of energy, involving efforts made in work, sports, home duties, transport, and hobbies.