Desired Ending Inventory Is 25% More Than Beginning Inventory

question 155

Multiple Choice

Desired ending inventory is 25% more than beginning inventory. If purchases total $160,000, which of the following statements is TRUE regarding cost of goods sold (COGS) ?

• A) COGS will exceed cost of goods available for sale.
• B) COGS will exceed purchases.
• C) COGS will be less than purchases.
• D) COGS will equal $55,000.

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Definitions:

Borderline Personality Disorder

A mental health disorder characterized by pervasive instability in moods, self-image, behavior, and relationships.

Psychopaths

People who are considered to be predisposed via temperament to antisocial behaviour and whose primary characteristics include callousness and grandiosity combined with a history of poor self-regulation.

Physical Punishment

A disciplinary technique involving the infliction of bodily pain or discomfort to correct or punish a person's behavior.

Punisher's Intention

Describes the motive or goal behind punitive actions, often explored in psychological and criminological studies to understand the effects of punishment.