A Company Had the Following Purchases and Sales During Its

question 34

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 LIFO 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) $5,400.
• C) $5,470.
• D) $5,130.
• E) $5,305.

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Definitions:

Employment Discrimination

Unfair treatment or prejudice against employees or job applicants based on characteristics like race, gender, age, or disabilities, that are not relevant to their job performance.

Racial Minority

An ethnic group that makes up a smaller percentage of the population compared to the majority group, often facing differing social or economic experiences.

Punitive Damages

Monetary compensation awarded in a lawsuit as a punishment to the defendant and to deter future similar conduct.

Employment Discrimination

Involves treating an employee or job applicant unfavorably because of race, gender, national origin, disability, or other protected characteristics.