Use the Information Below to Answer the Following Questions:
a

question 14

Multiple Choice

Use the information below to answer the following questions:
A company purchases and sells Roofoo. It began last year with 5 units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:
$$\begin{array} { l c c c c } \text { Date } & \begin{array} { c } \text { Units } \\\text { purchased }\end{array} & \text { Units sold } & \begin{array} { c } \text { Units on } \\\text { hand }\end{array} & \begin{array} { c } \text { Purchase } \\\text { price }\end{array} \\\text { July 1 } & & & 5 & \$ 10 \\\text { Sept 10 } & 5 & & 10 & \$ 12 \\\text { Dec 20 } & & 6 & 4 & \\\text { Mar 3 } & 4 & & 8 & \$ 15 \\\text { June 10 } & &5 & 3 &\end{array}$$
-What was the value of the ending inventory of Roofoo,using the FIFO assumption?

• A) $30
• B) $39
• C) $45
• D) $15.

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Definitions:

Reciprocation

A mutual exchange of actions or goods, often characterized by a return of a favor or response to an action.

Scarcity Principle

A psychological principle suggesting that people find items and opportunities more valuable when they are perceived as scarce or limited.

Disrupt-then-reframe Technique

A sales technique that initially creates confusion or disruption in the consumer's mind, then offers a simple, positive reframe to encourage purchase.

Breaking up Attention

The act of dividing one's focus between multiple tasks or stimuli, which can reduce the effectiveness of cognitive processing.