A Company That Uses the Periodic Inventory Method Provides the Following

question 20

Multiple Choice

A company that uses the periodic inventory method provides the following information:
$\begin{array} { l r } \text { Beginning inventory } & \$ 4,000 \\\text { Purchases } & \$ 120,000 \\\text { Purchase discounts } & \$ 2,400 \\\text { Purchase returns and allowances } & \$ 800\end{array}$
At the end of the period,the company does an inventory count and finds $16,000 of inventory on hand.
How much is the Cost of goods sold?

• A) $104,800
• B) $111,200
• C) $108,000
• D) $128,800

Identify key attributes and climate that enhance leader and management development.

Understand the dependency of training program effectiveness on individual attributes like intelligence and motivation.

Describe the impact of organizational attitudes and values on management training and development.

Recognize the benefits and types of exercises used in personal development programs.

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Definitions:

Optimal Solution

The most efficient and effective answer to a problem, often achieved through mathematical processes and analysis.

Scrap

Materials that are discarded and considered waste, often remnants from manufacturing processes or defective items.

Cutting Pattern

The planned approach or strategy for cutting materials (like fabric, metal, or wood) in manufacturing to minimize waste and increase efficiency.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.