A Company Uses the Periodic Inventory System and Had the Following

question 233

Multiple Choice

A company uses the periodic inventory system and had the following activity during the current monthly period.
$$\begin{array} { | l | l | l | } \hline \text { November 1: } & \text { Beginning inventory } & 100 \text { units @ \$20 } \\\hline \text { November 5: } & \text { Purchased } & 100 \text { units @ \$22 } \\\hline \text { November 8: } & \text { Purchased } & 50 \text { units @ \$23 } \\\hline \text { November 16: } & \text { Sold } & \text { 200 units @\$45 } \\\hline \text { November 19: } & \text { Purchased } & 50 \text { units @ \$25 } \\\hline\end{array}$$
Using the weighted-average inventory method,the company's ending inventory would be:

• A) $2,000
• B) $2,200
• C) $2,250
• D) $2,400
• E) $4,400

---

Definitions:

Assimilation

The process by which an individual or group adopts the cultural traits or social patterns of another group.

Piaget's Concept

A theory by Jean Piaget that describes the cognitive development of children in stages, focusing on how they acquire knowledge and understanding of the world.

Evolutionary Theorist

A scholar who studies and develops concepts about the processes by which organisms change over generations through variations in traits.

Sexual Activity

Behaviors and practices related to the expression of sexuality and sexual intimacy between individuals.