Use This Inventory Information for the Month of September to Answer

question 133

Multiple Choice

Use this inventory information for the month of September to answer the following question. $\begin{array}{rlll}\text { Sept. } &1& \text { Beginning inventory } & 10 \text { units @ } \$ 120 \\&5 & \text { Purchase } & 60 \text { units @ } \$ 112 \\&14 & \text { Sale } & 40 \text { units } \\&21 & \text { Purchase } & 30 \text { units @ } \$ 116 \\&30 & \text { Sale } & 28 \text { units }\end{array}$

Assuming that a perpetual inventory system is used,what is ending inventory (rounded) under the average-cost method?

• A) $3,666
• B) $3,712
• C) $3,208
• D) $7,734

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Definitions:

Viral Ads

Advertising campaigns that spread quickly online through social networks, email, and websites, often because they are entertaining or informative.

Pull Strategy

The use of promotion to create consumer demand for a product so that consumers exert pressure on marketing channel members to make it available.

Push Strategy

An attempt to motivate intermediaries to push the product down to their customers.

Personal Selling

Direct, two-way communication with buyers and potential buyers.