A Company Purchased 130 Units for $30 Each on January

question 13

Multiple Choice

A company purchased 130 units for $30 each on January 31.It purchased 150 units for $35 each on February 28.It sold 150 units for $80 each from March 1 through December 31.If the company uses the first-in,first-out inventory costing method,what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.)

• A) $3,900
• B) $5,250
• C) $4,600
• D) $9,150

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Definitions:

Autonomic Nervous System (ANS)

A component of the peripheral nervous system that controls bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Illness

A condition of poor health perceived or experienced by an individual as an invasion, disorder, or loss of function in one's body or mind.

Daily Activities

Routine actions or behaviors individuals engage in on a day-to-day basis, including eating, working, and sleeping.

Motor Output

The final pathway through which the brain sends signals to muscles to produce movement.