The Inventory Data for an Item for November Are Using a Perpetual System,what Is the Cost of the Merchandise

question 29

Multiple Choice

The inventory data for an item for November are: $\begin{array}{l}\begin{array}{lll}\text { Nov } & 1& \text { Inventory } \\&4 & \text { Sold } \\& 10 & \text { Purchased } \\& 17 & \text { Sold } \\& 30 & \text { Purchased } \\\end{array}\begin{array}{lll}\quad\quad\quad\quad\quad\quad\\\end{array}\begin{array}{lll}20& \text { units at \$19 } \\10& \text { units } \\30& \text { units at \$20 } \\20& \text { units } \\10& \text { units at \$21 } \\\end{array}\end{array}$ Using a perpetual system,what is the cost of the merchandise sold for November if the company uses FIFO?

• A)$610
• B)$600
• C)$590
• D)$580

---

Definitions:

Emotions

These are complex psychological states involving thoughts, feelings, physiological changes, and behaviors in response to stimuli.

Emotional Dissonance

A discrepancy between the emotions a person displays and the emotions he or she actually feels.

Conceal Frustration

The act of hiding or suppressing feelings of annoyance or upset often to maintain social harmony or professionalism.

Emotional Regulation

Refers to the process by which individuals influence their emotions, how they experience them, and how they express them.