A Company Had Inventory on November 1 of 5 Units

question 42

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 5, 8 units were sold for $55 each. Using the weighted average perpetual inventory method, what was the value of the inventory on November 30?

• A)$304.00
• B)$404.00
• C)$299.33
• D)$280.00
• E)$276.00

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Definitions:

Homeostasis

The process by which organisms maintain a stable internal environment despite changes in the external environment.

Autonomic Nervous System (ANS)

The segment of the nervous system responsible for regulating automatic body functions such as heartbeat, digestive processes, and breathing rate.

Muscle Tone

Relatively constant tension produced by a muscle for long periods as a result of asynchronous contraction of motor units.

Heart Rate

The number of heartbeats per unit of time, typically expressed as beats per minute (bpm), indicating cardiovascular activity.