A Company Purchased 100 Units for $30 Each on January

question 4

Multiple Choice

A company purchased 100 units for $30 each on January 31. It purchased 150 units for $25 on February 28. It sold 150 units for $50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31. (Assume the company uses the perpetual inventory system.)

• A)$6,750
• B)$4,050
• C)$3,000
• D)$3,750

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Definitions:

Two-Point Discrimination

The ability to discern two separate points of contact on the skin, a measure of tactile sensory resolution.

Dermal Papillae

Small, nipple-like extensions of the dermis into the epidermis that increase surface area for oxygen and nutrient transfer between these layers.

Phasic Receptors

Sensory receptors that quickly respond to stimuli but then adapt and decrease their response over time.

Proprioceptors

Sensory receptors located in muscles, tendons, and joint capsules that provide information about body position and movement.