Use the Information Below to Answer the Following Questions:
a

question 40

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 ending inventory of Roofoo,using the LIFO assumption in a periodic inventory system?

• A) $30
• B) $36.43
• C) $45
• D) $109.26.

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Definitions:

Late Adulthood

A life stage characterized by the age period of 65 years and older, often focused on retirement, health management, and life review.

Financial Problems

Issues related to managing money, including difficulties in making ends meet or accumulating debt.

Friends

People with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Lineal

Pertaining to or involving a line, often in the context of descent or succession.