ReadersCom Uses a Perpetual Inventory System and Has the Following

question 47

Multiple Choice

Readers.com uses a perpetual inventory system and has the following data for the month of February: If Readers.com uses the moving average method,how much is cost of goods sold for the units sold on February 15?
$$\begin{array} { r l r } \text { Feb. } 1 & \text { On hand, } 30 \text { units } @ \$ 5.00 \text { each } & \$ 150 \\8 & \text { Purchased 40 units } @ \$ 5.35 \text { each } & 214 \\15 & \text { Sold } 50 \text { units } & \\22 & \text { Purchased } 40 \text { units } @ \$ 5.20 \text { each } & 208 \\28 & \text { On hand, 60 units } &\end{array}$$

• A)$245
• B)$255
• C)$260
• D)$270

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Definitions:

Autotrophic Organisms

Organisms capable of synthesizing their own food from inorganic substances using light or chemical energy.

Macromolecules

Large molecules necessary for life, including proteins, nucleic acids, carbohydrates, and lipids.

Synthesize

To produce a substance by the combination of chemical elements, groups, or simpler compounds or by the degradation of complex compounds.

Control Group

In experiments, a group of subjects that does not receive the experimental treatment, serving as a baseline to compare the effects of the treatment.