A Company's Inventory Records Contain the Following Information -According to the Above Table

question 85

Multiple Choice

A company's inventory records contain the following information: $$\begin{array} { | r | r | r | } \hline \text { Begirring Irventory: } & 300 \text { units } & \$ 780 \\\hline \text { Purchased on June 10 } & 400 \mathrm { urits } & 1,170 \\\hline \text { Purchased on Jurne 15 } & 500 \mathrm { urits } & 1,260 \\\hline \text { Purchared on Jure 28 } & \mathbf { 3 0 0 u n i t s } & 990 \\\hline & 1,500 & \$ 4,200 \\\hline\end{array}$$
-According to the above table.The company sold 1,000 units during June and 500 units were in its ending inventory on June 30.
If the company uses the FIFO method,what is the cost of goods sold?

• A)$1,620.
• B)$2,290.
• C)$2,580.
• D)$2,706.

---

Definitions:

Norepinephrine Reuptake Inhibitors

Medications that block the reabsorption of the neurotransmitter norepinephrine, increasing its availability in the brain.

Selective Serotonin Reuptake Inhibitors

A class of drugs typically prescribed for depression and anxiety disorders, they work by increasing the levels of serotonin in the brain.

Tricyclic Antidepressants

A class of medications used to treat depression, characterized by their chemical structure and mechanism of action that affects neurotransmitters.

Monoamine Oxidase Inhibitors

A class of medications that treat depression by preventing the breakdown of monoamine neurotransmitters, enhancing mood.