Beginning Inventory, Purchases, and Sales for Product XCX Are as Follows

question 6

Essay

Beginning inventory, purchases, and sales for Product XCX are as follows:
$\begin{array}{lllll}\$ 12 \text { each } & \text { at } & 24 \text { units } & \text { Begiming Inventory } & \text { Oct. } 1 \\\$ 14 \text { each } & \text { at } & 10 \text { units } & \text { Purchase } & \text { Oct. } 17 \\& &52 \text { units } & \text { Sale } & \text { Oct. 30 }\end{array}$
Assuming a periodic inventory system and the last-in, first-out method, determine (a) the cost of the merchandise sold for the October 30 sale and (b) the inventory on October 31.

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Definitions:

Coding Region

A portion of DNA or RNA that codes for the amino acid sequence of a protein and is instrumental in protein synthesis.

AUG

The RNA codon that signals the start of a protein-coding sequence and encodes for the amino acid methionine.

UAA

A stop codon in genetic code signaling the end of a protein synthesis.

UUU

In genetic code, a triplet nucleotide sequence (uracil-uracil-uracil) in RNA that codes for the amino acid phenylalanine, playing a role in protein synthesis.