Use This Inventory Information for the Month of June to Answer

question 34

Multiple Choice

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

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:

Expectations

Beliefs or anticipations about the way things should be or how events will unfold.

Gender Roles

The culture’s expectations for male or female behavior, including attitudes, actions, and personality traits associated with being male or female in that culture.

Social Learning Theory

A theory that posits learning happens through observing others, imitating their actions, and noting the consequences of these actions.

Gender Development

The process by which individuals develop their gender identity, typically influenced by social, cultural, and biological factors.