A Company Had the Following Purchases and Sales During Its

question 225

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 value of cost of goods sold? (Assume all sales were made on the last day of the month.)

• A) $8,670.
• B) $3,540.
• C) $5,400.
• D) $5,130.
• E) $3,270.

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Definitions:

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and influence others through personal charm and persuasion.

Social Identification

The process by which individuals define themselves in relation to groups, adopting the values and norms of the group.

Transformational Behavior

Actions that inspire and motivate followers to exceed expectations by fostering significant changes.

Contingent Reward

A form of motivation in which the reward is given based on achieving a predefined outcome or performance level.