Use the Information Below to Answer the Following Questions:
a

question 11

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 moving weighted average assumption and a perpetual inventory system?

• A) $45
• B) $39
• C) $36.43
• D) $15.

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Definitions:

Scarce

A condition or situation characterized by the limited availability of resources or goods, leading to competition for their acquisition or use.

Opportunity Costs

The cost of forgoing the next best alternative when making a decision or choosing among options.

Alternatives

Different choices or options that are available in a decision-making process.

Adjusted Corporate Tax

This term might involve adjustments made to the corporate tax reported, accounting for various deductions, credits, and exemptions to reach a tax obligation more accurately reflecting the company's financial activity.