A Company Purchased 200 Units for $40 Each on January

question 121

Multiple Choice

A company purchased 200 units for $40 each on January 31.It purchased 200 units for $30 each on February 28.It sold a total of 250 units for $100 each from March 1 through December 31.If the company uses the last-in,first-out inventory costing method,calculate the cost of ending inventory on December 31.(Assume that the company uses a perpetual inventory system.)

• A) $4,500
• B) $9,000
• C) $6,000
• D) $150

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, or sex.

Robber's Cave Experiment

A social psychology experiment that demonstrated how conflict can be induced and reduced among groups through cooperation toward shared goals.

Us-Them Hostility

Refers to feelings of animosity or opposition towards an out-group, often stemming from strong in-group identification and perceived differences or threats.

Interdependence

A relationship between two or more entities where each affects and relies on the other, often used in reference to ecological or economic systems.