The Units of an Item Available for Sale During the Year

question 67

Essay

The units of an item available for sale during the year were as follows: $\begin{array}{lrll}\text { Jan. } & 1 & \text { Inventory } & 25 \text { units at } \$ 45 \\\text { Mar. } & 4& \text { Purchase } & 15 \text { units at } \$ 50 \\\text { June } & 7& \text { Purchase } & 35 \text { units at } \$ 58 \\\text { Nov. } & 15& \text { Purchase } & 20 \text { units at } \$ 65\end{array}$ ​
There are 30 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost using FIFO.

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Definitions:

Job Satisfaction

The level of contentment employees feel about their work, which can influence morale and performance.

Job Performance

The effectiveness and efficiency with which an employee fulfills their roles and responsibilities at work.

Job Rotation

A human resource strategy where employees are moved between different jobs or tasks to learn new skills, reduce boredom, and increase job satisfaction.

Job Depth

The degree of control, autonomy, and decision-making ability an employee has in their role.