The Following Information Was Taken from the Inventory Records of Penelope

question 25

Multiple Choice

The following information was taken from the inventory records of Penelope Ltd.: $$\begin{array} { | l | l | } \hline \text { Dates } & \text { Inventory units } \\\hline \text { Inventory - Feb 1 } & 100 \text { units at } \$ 3.00 \\\hline \text { Purchases - April 1 } & 300 \text { units at } \$ 3.10 \\\hline \text { Purchases - July 15 } & 200 \text { units at } \$ 3.20 \\\hline \text { Units available for sale } & 600 \text { units } \\\hline & \\\hline \text { Sales - May 10 } & 200 \text { units at } \$ 6.00 \\\hline \text { Sales - November 15 } & 100 \text { units at } \$ 6.10 \\\hline\end{array}$$ What would be the gross margin, assuming that the weighted-average method is used in a periodic inventory system?

• A)$310
• B)$875
• C)$935
• D)$1,810

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Definitions:

Pathos

An element in rhetoric that appeals to the emotions of the audience.

Argument By Emotion

A persuasion technique that relies on emotional appeals rather than logical facts.

Logos

Logos is a principle in classical rhetoric that represents logical reasoning or argument, and in branding, it refers to a symbol or other design adopted by an organization to identify its products, uniform, vehicles, etc.

Argument By Logic

Persuasion or debate technique where the focus is on using reasoned and structured reasoning to support a position or refute an opposing one.