The FlyOnTheWall Company Made the Following Purchases of Camera Components

question 10

Multiple Choice

The FlyOnTheWall company made the following purchases of camera components:
$$\begin{array} { l l l l r } \text { Date } & \text { Units } & \text { Cost price per unit } & \text { Amount } & \text { Total } \\1 \text { st Feb } & 800 & £ 10 & 8,000 & 8,000 \\15 \text { th Feb } & 1,000 & f 9 & 9,000 & 17,000 \\25 \text { th Feb } & 6,000 & £ 11 & 6,600 & 23,600\end{array}$$
The company took out a job on the 27th February,using 1,200 components.Show the price charged for the job under the last in first out approach (LIFO)

• A) £11,800
• B) £12,000
• C) £11,600
• D) £12,800

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Definitions:

Insurance Adjuster

A professional tasked with assessing and evaluating insurance claims to determine the extent of the insuring company's liability.

Marketing Department

The division within a company that focuses on creating and implementing strategies to promote and sell the company's products or services.

Shapes

The external form or appearance characteristic of someone or something; the outline of an area or figure.

Shareholders

Individuals or entities that own shares in a corporation, thereby having a vested interest in its performance.