Use the Information Below to Answer the Following Questions

question 21

Multiple Choice

Use the information below to answer the following questions:
At 1 July 2011, Epsilon Pty Ltd had 100 items of inventory which had cost $50 each. During the year ended 30 June 2012, it purchased 1500 items at a cost of $50 each. Of these, 200 were returned to the supplier as they were damaged. During the year, 1200 items were sold for $80 each, but 50 were returned by customers. Overhead expenses during the year amounted to $15,000.
-What was Epsilon Pty Ltd's cost of goods sold for the year?

• A) $47 500
• B) $57 500
• C) $60 000
• D) $62 500.

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Definitions:

Vicarious Trauma

A form of emotional stress resulting from indirect exposure to traumatic events through close interaction with trauma survivors.

Engaging

The act of capturing interest or involvement, often by being interesting, compelling, or attractive, to gain active participation or attention.

Self-exploration

The reflective process of examining one's own thoughts, emotions, motivations, and behaviors to gain deeper insight and understanding of oneself.

Relational Dynamics

The patterns and processes that characterize interactions and relationships between individuals or groups.