Use This Inventory Information for the Month of July to Answer

question 13

Multiple Choice

Use this inventory information for the month of July to answer the following question.
-Assuming that a periodic inventory system is used,what is cost of goods sold under the average-cost method?

• A)$3,648
• B)$7,752
• C)$3,712
• D)$7,888

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Definitions:

Arytenoid Cartilage

Paired cartilages located in the larynx that are key in vocal cord movement and voice production.

Corniculate Cartilage

Small, horn-shaped cartilages located at the top of the larynx that are involved in the production of sound and the protection of the vocal cords.

Trachea

A large membranous tube reinforced by rings of cartilage, extending from the larynx to the bronchial tubes and conveying air to and from the lungs; the windpipe.

Pleural Cavity

Potential space between the parietal and visceral layers of the pleura.