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

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Definitions:

Strange Situation

A procedure devised by Mary Ainsworth in the 1970s to observe attachment relationships between a caregiver and child.

Citizenship Performance

Behaviors exhibited by employees that go beyond their job requirements, contributing positively to organizational culture and performance.

Self-Fulfilling Tendency

A prediction or expectation that causes itself to become true, simply because the prediction was made.

Attachment Styles

Patterns of behavior in relationships that are shaped by one's early interactions with caregivers and that affect one's emotional bonds in adulthood.