A Company Had Beginning Inventory of 10 Units at a Cost

question 75

Multiple Choice

A company had beginning inventory of 10 units at a cost of $20 each on March 1.On March 2,it purchased 10 units at $22 each.On March 6 it purchased 6 units at $25 each.On March 8,it sold 22 units for $54 each.Using the FIFO perpetual inventory method,what was the cost of the 22 units sold?

• A)$470
• B)$490
• C)$450
• D)$570
• E)$520

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Definitions:

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging to avoid weight gain.

Sexual Excitement

The arousal of sexual feelings and reactions in response to stimuli, leading up to sexual intercourse.

Sympathetic Nervous System

Part of the autonomic nervous system that controls the body's responses to perceived threats, activating the fight or flight response.

Limbic System

The limbic system is a complex set of structures in the brain involved in emotion, behavior, motivation, long-term memory, and olfaction, playing a significant role in emotional life and the formation of memories.