Use This Inventory Information for the Month of June to Answer

question 51

Multiple Choice

Use this inventory information for the month of June to answer the following question. $\begin{array}{llll}\text { June } & 1 & \text { Beginning inventory } & 10 \text { units @ } \$120\\& 5 & \text { Purchase } & 60 \text { units } @ \$ 112\\&14 & \text { Sale } & 40 \text { units } \\&21 & \text { Purchase } & 30 \text { units @ } \$ 116 \\&30 & \text { Sale } & 28 \text { units }\end{array}$
What is cost of goods sold under the specific identification method?

• A) More information is needed.
• B) $3,704
• C) $7,696
• D) $7,736

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Definitions:

Monosaccharides

Monosaccharides are the simplest form of carbohydrates consisting of a single sugar molecule, such as glucose and fructose.

Disaccharide

A sugar molecule composed of two monosaccharides joined together, examples include sucrose and lactose.

Nucleic Acids

Large biological molecules essential for all known forms of life, including DNA and RNA, which carry genetic information.

DNA and RNA

Nucleic acids that constitute the genetic material of living organisms, with DNA responsible for storing and transmitting genetic information and RNA for protein synthesis.