Use the Information Below to Answer the Following Questions:
Diligent

question 15

Multiple Choice

Use the information below to answer the following questions:
Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2012. The following purchases and sales were made during September:

$\begin{array}{llcc} \text { Opening Balance } & \text { Purchases } & \text { Sales } \\ \text {September1\quad 5 units@\$200 \( \$ \) } & \text {September3\quad 5 units @ \$240 \( \quad \) }& \text {September \( 7 \quad 7 \) units}\\ \text { } & \text { 12\quad 3 units@\$260} & \text { 27\quad 5 units } \\ \text { } & \text {25\quad 6 units@\$200 } & \text { } \\\end{array}$
-What was the value of cost of goods sold of Algo,using the moving weighted average assumption and a perpetual inventory system?

• A) $2640
• B) $2700
• C) $2720
• D) $3180.

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Definitions:

Planned Activity

Planned activity refers to tasks or operations that are deliberately organized and scheduled in advance, aiming to achieve specific goals or outcomes.

Pareto's Law

A principle stating that a small proportion of causes is responsible for a large portion of the effect, often summarized as 80% of effects come from 20% of causes.

80/20 Principle

The 80/20 Principle, also known as the Pareto Principle, is the idea that roughly 80% of effects come from 20% of causes, often observed in business, economics, and various other fields.

"Should Do" Objectives

Goals or aims that are considered important and beneficial for an individual or organization to attempt to achieve, though they might not be critical.