A Company Sells a Climbing Kit and Uses the Periodic

question 39

Multiple Choice

A company sells a climbing kit and uses the periodic inventory system to account for its merchandise.The beginning balance of the inventory and its transactions during January were as follows:
$\begin{array}{|l|l|}\hline \text { January 1: } & \text { Beginning balance of } 18 \text { units at } \$ 13 \text { each } \\\hline \text { January 12: } & \text { Purchased } 30 \text { units at } \$ 14 \text { each } \\\hline \text { January 19: } & \text { Sold } 24 \text { units at a selling price of } \$ 30 \text { each } \\\hline \text { January 20: } & \text { Purchased } 24 \text { units at } \$ 17 \text { each } \\\hline \text { January 27: } & \text { Sold } 27 \text { units at a selling price of } \$ 30 \text { each } \\\hline\end{array}$
If the ending inventory is reported at $357,what inventory method was used?

• A) LIFO
• B) FIFO
• C) Weighted average
• D) Specific identification
• E) Retail inventory method

Analyze statistical data to make informed decisions.

Understand and analyze personality traits using Cattell's trait theory.

Differentiate between source traits and surface traits according to Cattell's theory.

Identify the role of sems/sentiments, and ergs in shaping personality and behavior as per Cattell's theory.

---

Definitions:

Company Announcements

Official messages or statements released by a company to inform stakeholders about important matters.

Group Messages

A feature in communication applications that allows users to send a single message to multiple recipients simultaneously.

Text Messages

A form of communication that uses written messages sent electronically between mobile phones.

Netiquette Guidelines

A set of rules and manners recommended for courteous and efficient communication over the Internet.