A Company Had the Following Purchases and Sales During Its

question 150

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 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.

---

Definitions:

Scaffolding Strategies

Approaches or methods employed in scaffolding to adapt the level of support to the learner's needs, facilitating learning and achievement.

Capabilities

The qualities or capacities that a person or entity possesses, enabling them to perform certain activities or functions.

Future Potential

The possible achievements or developments that an individual or entity can accomplish in the future.

Economically Disadvantaged

Refers to individuals or groups who have less financial resources and opportunities compared to the average in a society.