Martin Sales Had a Beginning Inventory Balance of $120 Made

question 67

Multiple Choice

Martin Sales had a Beginning inventory balance of $120 made up of 10 units purchased for $12.00 per unit.Early in the month,they purchased 16 units at $10.00 per unit.Later that month,they sold 15 units.Martin uses a perpetual inventory system,and applies FIFO.
-How much is the Ending inventory balance?

• A) $116
• B) $130
• C) $132
• D) $110

---

Definitions:

Reaching and Grasping

The coordinated movement milestones that allow an infant to extend their arm towards an object and use their fingers and hand to hold it, essential for developing fine motor skills.

Involuntary Developmental

Growth or changes that occur without conscious control or decision, often biological or physiological processes.

Sensorimotor Period

A stage of development in Piaget's theory, occurring from birth to approximately 2 years of age, where infants learn about their world through their senses and motor activities.

Reflexive

Pertaining to or characterized by reflex action; automatic and involuntary response to stimuli.