A Company Had the Following Purchases and Sales During Its

question 199

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 LIFO 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) $3,270.
• C) $3,200.
• D) $3,364.
• E) $5,400.

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Definitions:

Direct Pathway

The Direct Pathway is a neural pathway within the basal ganglia that facilitates movement initiation by positively modulating motor output signals in the brain.

Basal Ganglia

A group of structures in the brain that are involved in coordinating movement, as well as aspects of learning and emotion.

Globus Pallidus

A subcortical structure in the brain involved in the regulation of voluntary movement, part of the basal ganglia.

Indirect Pathway

A neural pathway in the brain that is involved in the regulation of movements, typically inhibiting or modulating motion.