Monarch Company Uses a Weighted-Average Perpetual Inventory System, and Has

question 65

Multiple Choice

Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales: $$\begin{array} { | l | l | } \hline \text { January 1 } & 20 \text { units were purchased at \$10 per unit. } \\\hline \text { January 12 } & 12 \text { units were sold. } \\\hline \text { January 20 } & 18 \text { units were purchased at \$11 per unit. } \\\hline\end{array}$$
- What is the value of ending inventory? (Round average cost per unit to 2 decimal places, and final answer to the nearest dollar.)

• A) $272.
• B) $120.
• C) $278.
• D) $398.
• E) $126.

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Definitions:

Ruff Degradation

A chemical process used to convert monosaccharides into smaller sugars or alditols.

Optically Active

Refers to a substance that can rotate the plane of polarized light, indicating chiral molecules not superimposable on their mirror image.

Alditol

A type of sugar alcohol formed by reducing the aldehyde or ketone group in aldoses or ketoses, respectively.

Silver Oxide

A chemical compound of silver and oxygen that's used in some batteries and as a mild oxidizing agent in organic synthesis.