A Company Has a Beginning Inventory of $40,000 and Purchases

question 89

Multiple Choice

A company has a beginning inventory of $40,000 and purchases during the year of $110,000. The beginning inventory consisted of 3,000 units and 7,000 units were purchased during the year. 3,480 units remain in ending inventory. The value of the ending inventory using the average-cost method will be:

• A) $38,280.
• B) $46,389.
• C) $52,200.
• D) $97,800.

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Definitions:

Cafeteria-Style

A flexible benefits plan that allows employees to choose among a variety of offerings to create a benefits package tailored to their needs.

Wellness Programs

Organized and coordinated programs that aim to promote the overall health and well-being of participants, often offered through employers.

Consumer-Directed

A model or approach that allows consumers to make decisions about the goods or services they receive, often seen in healthcare or marketing.

Health Plans

Insurance policies or arrangements that provide coverage for medical expenses to individuals or groups.