A Company Has Inventory of 15 Units at a Cost

question 105

Multiple Choice

A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12, they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale?

• A)$140
• B)$160
• C)$210
• D)$380
• E)$590

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Definitions:

Person-Environment Fit

The compatibility between an individual and a work environment that occurs when their characteristics are well matched.

Idealized Self

An individual's conception of their optimal self and attributes, which can serve as a motivational template for personal development and goal setting.

Real Self-Image

An individual's view of themselves, based on their true characteristics, feelings, and behaviors, as opposed to how they may wish to appear.

Homeostasis

A steady state of bodily functioning and equilibrium.