Adam IncUses a Perpetual Inventory System and Has the Following Data

question 10

Multiple Choice

Adam Inc.uses a perpetual inventory system and has the following data for January:
$$\begin{array} { r l r } \text { Jan. } 1 & \text { On hand, } 10 \text { units } @ \$ 2 \text { each } & \$ 20 \\4 & \text { Sold } 8 \text { units } @ \$ 10 \text { each } & 80 \\22 & \text { Purchased } 50 \text { units } @ \$ 4 \text { each } & 200 \\26 & \text { Sold } 48 \text { units } @ \$ 10 \text { each } & 480\end{array}$$
-If Adam uses the LIFO method,how much is cost of goods sold for the month of January?

• A)$204
• B)$208
• C)$212
• D)$560

Understand the implications of not correctly matching demand and supply in terms of perishable inventory and unused capacity.

Understand key principles and strategies of aggregate planning.

Recognize various models and approaches used in aggregate planning.

Identify and explain the process and importance of disaggregation in planning.

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Definitions:

Child's Creativity

The natural ability of children to use their imagination and inventiveness to create something new or original.

Guiding Methods

Techniques or strategies used to direct or influence the behavior or learning process of others.

Preoperational Characteristic

A stage in Piaget's theory of cognitive development where children from ages 2 to 7 engage in symbolic play and struggle with logic and taking the perspective of others.

Egocentrism

The inability to distinguish between one’s own perspective and someone else’s, often seen in early childhood development.