A Company Has Cost of Goods Available for Sale of $32,000

question 13

Multiple Choice

A company has cost of goods available for sale of $32,000, consisting of 8,000 units. The average cost per unit to be used to value the ending inventory:

• A)is $40.
• B)is $4.
• C)is $8.
• D)cannot be determined from the data.

---

Definitions:

Consideration

An item of value traded between entities within an agreement to make the contract enforceable by law.

Adhesion

A contract or agreement created by one party with significant power over the other, often leading to a lack of negotiation for the weaker party.

Negotiate Terms

The process of discussing and agreeing on the specific conditions or clauses of a contract or agreement.

Consented

refers to the agreement or permission given by a party fully and without coercion.