A Company Had 14 Units of Inventory at a Cost

question 11

Multiple Choice

A company had 14 units of inventory at a cost of $18 each on November 1.On November 2,the company purchased 19 units at $19 each.On November 6,the company purchased 15 units at $20 each.On November 8,the company sold 36 units for $63 each.Given this information,determine the cost of the 36 units sold using the LIFO periodic inventory method.

• A)$673.
• B)$697
• C)$720.
• D)$772
• E)$949.

---

Definitions:

Self-Verification Motive

The drive to confirm one's self-concept by seeking out and interpreting information that aligns with one's existing beliefs about oneself.

Justification Motive

The psychological drive to rationalize one's actions, beliefs, or decisions, often to preserve self-esteem or avoid cognitive dissonance.

Appraisal Motive

The drive to understand oneself and others, assessing motivations, emotions, and behaviors for comprehension.

Personal Trainer

A fitness professional who creates customized exercise programs and provides one-on-one coaching to help individuals achieve their fitness and health goals.