Given the Following Information, What Would the Gross Margin Be

question 38

Multiple Choice

Given the following information, what would the gross margin be for the December 15 sale under the FIFO method in a perpetual inventory system? $$\begin{array} { | c | l | } \hline \text { Dates } & \text { Units of Inventory } \\\hline \text { Opening Inventory } & 200 \text { units at } \$ 5.00 \\\hline \text { Purchases: } & \\\hline\text { April } 12 & 300 \text { units at } \$ 5.10 \\\hline \text { July 7 } & 400 \text { units at } \$ 5.25 \\\hline \text {Sales: } \\\hline \text { August } 12 &100 \text { units at } \$ 8.00 \\\hline \text { December } 15 & 500 \text { units at } \$ 8.20 \\\hline\end{array}$$

• A)$1,813
• B)$1,845
• C)$1,785
• D)$3,055

Analyze the criminalization process through conflict theories.

Understand prisons as agents of socialization and their outcomes.

Distinguish between types of crime based on underlying motives.

Explore contemporary issues and reforms in the penal system.

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Definitions:

Mechanical Engineer

A professional who designs, analyses, and manufactures mechanical systems, utilizing principles of physics and materials science.

Novel Design

A unique or original plan or pattern that has not been seen before in the creation of objects, systems, or activities.

Intrinsic Motivation

The desire to perform a behavior effectively for its own sake.

Imaginative Thinking Skills

The ability to think creatively and innovatively, envisioning possibilities beyond traditional or obvious solutions.