Lemke Corp -Refer to the Information Provided in the Figure Lemke Corp

question 189

Multiple Choice

Lemke Corp.
Lemke Corp. uses a perpetual inventory system with a (moving) weighted average inventory costing method. The following information is available for the month of April:
$$\begin{array} { l l l } \text { Apr. } & 1 \quad \text { On hand, } 30 \text { units at } \$ 5.00\text { each } &\$150\\8 & \text { Purchased } 40 \text { units at } \$ 5.35 \text { each } & 214 \\15 &{ \text { Sold } 50 \text { units } } \\22 & \text { Purchased } 40 \text { units at } \$ 5.50 \text { each } & 220 \\30 & \text { On hand, } 60 \text { units } &\end{array}$$
-Refer to the information provided in the figure Lemke Corp.How much is the cost of goods sold for the units sold on April 15?

• A) $245
• B) $255
• C) $260
• D) $270

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Definitions:

Budget Constraint

Represents the combinations of goods and services a consumer can purchase given their income and the prices of those goods and services.

Opportunity Set

The entire spectrum of investment opportunities available to an investor, from which they can choose according to their risk appetite and return expectations.

Income

The amount of money received over a period of time, usually from work or investments.

Slope

A measure of the steepness or incline of a line, typically expressed as a ratio of vertical change to horizontal change.