A Company Uses the Periodic Inventory System and Had the Following

question 115

Multiple Choice

A company uses the periodic inventory system and had the following activity during the
Current monthly period:.
$\begin{array}{|l|l|r|}\hline\text { November } 1: & \text { Beginning inventory } & 100 \text { units @\$20 } \\\hline \text { November } 5: & \text { Purchased } & 100 \text { units @\$22 } \\\hline \text { November } 8: & \text { Purchased } & 50 \text { units@\$23 } \\\hline \text { November } 16: & \text { Sold } & 200 \text { units@\$45 } \\\hline \text { November } 19: & \text { Purchased } & 50 \text { units@\$25 }\\\hline\end{array}$
Using the weighted-average inventory method,the company's ending inventory would be reported at:

• A) $2,000
• B) $2,200
• C) $2,250
• D) $2,400
• E) $4,400

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Definitions:

Spotlight Effect

The perspective that people are overly concerned with observing one's external behavior and appearance, more so than in reality.

Participants

Individuals who take part or are involved in an activity or event, often referred to in research studies.

Simulated Managerial Work

Activities or exercises designed to mimic the tasks and decisions faced by managers, used for training or research purposes.

Assessment Strategy

A plan or approach for measuring the effectiveness of a program, process, or educational setting, often through the collection and analysis of data.