Given the Following Information, Determine the Cost of Goods Sold

question 126

Multiple Choice

Given the following information, determine the cost of goods sold for December 31 using the FIFO periodic inventory method: December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.

• A)$282.15
• B)$332.10
• C)$281.25
• D)$297.00
• E)$284.70

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Definitions:

Mutations

changes in the DNA sequence of an organism's genome, which can result in variations in physical appearance, function, or behavior.

X-Linked Disorders

Genetic conditions that are caused by mutations in genes on the X chromosome; typically, males are more severely affected due to having only one X chromosome.

Down Syndrome

A genetic disorder caused by the presence of an extra chromosome 21, characterized by developmental and physical growth delays and distinctive facial features.

Range of Reaction

A concept in genetics suggesting that an individual's genotype sets a range for potential phenotypic outcomes, influenced by the environment.