A Company Had Inventory of 5 Units at a Cost

question 150

Multiple Choice

A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, they purchased 10 units at $22 each. On November 6, they purchased 6 units at $25 each. On November 8, they sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the cost of the 18 units sold?

• A)$395
• B)$410
• C)$450
• D)$510
• E)$520

---

Definitions:

One-down Position

A situation or stance in which an individual intentionally places themselves in a less powerful or submissive role in a communication or power dynamic.

Communication

The process of exchanging information, ideas, feelings, and meanings through verbal or non-verbal methods.

Cross-cultural Communication

The process of recognizing and understanding the differences and similarities in communication across various cultures to effectively communicate.

Symbolic Gestures

Symbolic gestures are actions performed to convey particular intentions or meanings without using words, often carrying significant symbolic value in social or cultural contexts.