From the Following Details of a Merchandiser, Calculate the Cost

question 102

Multiple Choice

From the following details of a merchandiser, calculate the Cost of Goods Sold. (Assume the merchandiser uses the periodic inventory system.)

• A)$116,540
• B)$81,460
• C)$114,950
• D)$53,540

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Definitions:

Little Brain

A colloquial term for the cerebellum, a part of the brain that plays a key role in motor control.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Gray Matter

A major component of the central nervous system, consisting of neuronal cell bodies, dendrites, and unmyelinated axons, involved in muscle control and sensory perception.

White Matter

The part of the brain and spinal cord made up of myelinated nerve fibers, which is responsible for transmitting signals within the nervous system.