A Company Had the Following Purchases and Sales During Its

question 15

Multiple Choice

A company had the following purchases and sales during its first year of operations:
$$\begin{array} { | l | l | l | } \hline & \text { Purchases } & \text { Sales } \\\hline \text { January: } & 10 \text { units at } \$ 120 & 6 \text { units } \\\hline \text { February: } & 20 \text { units at } \$ 125 & 5 \text { units } \\\hline \text { May: } & 15 \text { units at } \$ 130 & 9 \text { units } \\\hline \text { September: } & 12 \text { units at } \$ 135 & 8 \text { units } \\\hline \text { November: } & 10 \text { units at } \$ 140 & 13 \text { units } \\\hline\end{array}$$
On December 31,there were 26 units remaining in ending inventory.Using the Perpetual FIFO inventory valuation method,what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

• A) $3,405.
• B) $3,200.
• C) $3,365.
• D) $3,540.
• E) $3,270.

---

Definitions:

Detailed Levels

The degree of specificity and granularity with which information, plans, or descriptions are provided.

Paragraph Length

The extent or measurement of a paragraph in terms of sentences or words, influencing readability and coherence.

Bullet Points

Bullet points are symbols used to itemize or structure information, making it easier to read and understand at a glance.

Subject Line

A brief line of text at the beginning of an email or letter that summarizes the content or purpose of the message.