A Company Had Inventory on November 1 of 5 Units

question 210

Multiple Choice

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On November 6, they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the FIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?

• A)$304
• B)$296
• C)$288
• D)$280
• E)$276

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Definitions:

Intrapersonal Interventions

Strategies or actions taken to affect or improve an individual's internal processes, such as thoughts, feelings, and behaviors.

Discriminating

Making distinctions or judgments, often based on differences, which can lead to prejudiced or unfair treatment when misapplied.

Rational

pertains to acting or based on reason and logic rather than emotions or personal preferences.

Psychosocial Space

An environment or setting that influences and is influenced by the psychological and social interactions of the individuals within it.