Use This Inventory Information for the Month of June to Answer

question 47

Multiple Choice

Use this inventory information for the month of June to answer the following question. $\begin{array}{llll}\text { June } & 1 & \text { Beginning inventory } & 10 \text { units @ } \$120\\& 5 & \text { Purchase } & 60 \text { units } @ \$ 112\\&14 & \text { Sale } & 40 \text { units } \\&21 & \text { Purchase } & 30 \text { units @ } \$ 116 \\&30 & \text { Sale } & 28 \text { units }\end{array}$
Assuming that a periodic inventory system is used,what is cost of goods sold under the average-cost method?

• A) $3,648
• B) $7,752
• C) $3,712
• D) $7,888

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that lead to personal distress or significant impairment in social or occupational functioning.

Statistics Canada

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Lifetime Prevalence

The proportion of individuals in a population who have ever experienced a specific disorder at any time in their lives up to the point of assessment.

Psychological Disorders

Mental disorders characterized by patterns of thought, feeling, and behavior that are significantly distressing or impairing in social, occupational, or other important functions.