At 1 July 2015,Epsilon Pty Ltd Had 100 Items of Inventory

question 6

Multiple Choice

At 1 July 2015,Epsilon Pty Ltd had 100 items of inventory which had cost $50 each.During the year ended 30 June 2016,it purchased 1500 items at a cost of $50 each.Of these,200 were returned to the supplier as they were damaged.During the year,1200 items were sold for $80 each,but 50 were returned by customers.Overhead expenses during the year amounted to $15 000.
-What was Epsilon Pty Ltd's cost of goods sold for the year?

• A) $47 500
• B) $57 500
• C) $60 000
• D) $62 500

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Definitions:

Attention

The process of selectively concentrating on one aspect of the environment while ignoring other things, crucial for cognitive processing.

Perceptual Vigilance

The tendency to notice and attend to relevant stimuli that align with one's needs, interests, or expectations.

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The process by which individuals select, categorize, and interpret stimuli from the environment based on their interests, background, and experiences.

Internal Messages

Communication within an organization intended for employees or members, focusing on policies, procedures, or official announcements.