Berring Sales Uses the Average-Cost Method

question 48

Multiple Choice

Berring Sales uses the average-cost method. The partially completed inventory record for January appears below. On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record and calculate the Cost of goods sold for the month of January. (Please round to the nearest whole dollar.)

• A)$243
• B)$249
• C)$230
• D)$228

Acknowledge the influence of smoking and secondhand smoke exposure on cardiovascular disease.

Comprehend the protective effects of certain diets and nutrients against cardiovascular disease.

Recognize the importance of social support and mental health in cardiovascular disease risk.

Understand the role of obesity and body fat distribution in determining cardiovascular health.

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Definitions:

Average Variable Cost

The total variable costs divided by the quantity of output, indicating the variable cost per unit of output.

Marginal Cost

The hike in production costs when an additional unit of a good or service is manufactured.

Market Price

The existing selling or buying price for a service or asset in a particular trading environment.

Economic Profit

The total revenue of a business minus its total costs, including both explicit and implicit costs.