Use This Information to Answer the Following Question A Periodic Inventory System Is Used

question 43

Multiple Choice

Use this information to answer the following question. $\begin{array}{llll}\text { Jan. } & 1 & \text { Inventory } &15 \text { units @ } \$4.00 \\& 8 & \text { Purchase } & 60 \text { units } @ \$ 4.40\\&17 & \text { Purchase } & 30 \text { units } @ \$ 4.20 \\&25 & \text { Purchase } & 45 \text { units @ } \$ 8.40 \\&&\text { Total sales }& 100 \text { units }\end{array}$

A periodic inventory system is used.
Cost of goods sold under FIFO is

• A) $429.
• B) $426.
• C) $452.
• D) $237.

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Definitions:

Geometry

The branch of mathematics that deals with the properties and relationships of points, lines, surfaces, and solids.

Alkene

Organic compounds that differ from alkanes by having at least one double bond between carbon atoms, making them unsaturated.

Heat Of Hydrogenation

The heat of hydrogenation is the change in enthalpy that occurs when an unsaturated compound reacts with hydrogen to become saturated, used as a measure of the stability of the compound’s double bonds.

Alkene

A hydrocarbon compound characterized by the presence of at least one carbon-carbon double bond, playing a vital role in organic chemistry.