A Company Had the Following Purchases and Sales During Its

question 99

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 Periodic 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) $3,445.
• D) $3,540.
• E) $3,270.

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Definitions:

Sound Travels

Sound travels through various mediums (such as air, water, and solids) as a wave of pressure variations, allowing us to hear by reaching and being interpreted by our ears.

Feet/Second

A unit of speed expressing the distance in feet traveled or covered in one second.

Complex Tones

Complex tones consist of multiple frequencies or harmonics combined, which contribute to the richness and timbre of sounds, playing an essential role in the perception of music and speech.

Combination Of Frequencies

A combination of frequencies refers to the mixing or merging of different frequencies, often in the context of sound, radio waves, or signal processing, to generate new waveforms or effects.