The Following Lots of a Particular Commodity Were Available for Sale

question 104

Multiple Choice

The following lots of a particular commodity were available for sale during the year: $\begin{array}{lc}\text { Beginning invent ory } & 5 \text { units at } \$ 61 \\\text { First purchase } & 15 \text { units at } \$ 63 \\\text { Second purchase } & 10 \text { units at } \$ 74 \\\text { Third purchase } & 10 \text { units at } \$ 77\end{array}$ The firm uses the periodic system and there are 20 units of the commodity on hand at the end of the year.
What is the amount of cost of good sold for the year according to the average cost method?

• A) $1,380
• B) $1,375
• C) $1,510
• D) $1,250

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Definitions:

Gun Violence

involves the use of firearms to inflict harm, injury, or death, often highlighted in discussions of public health and safety.

High-Crime Neighborhoods

Areas with statistically higher levels of criminal activity compared to other areas, often leading to increased police presence and community concern.

Gender

The socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Victimization

The process or state of being harmed, exploited, or wronged by another party, often in a criminal context.