The Inventory Data for an Item for November Are Using the First-In, First-Out Method, What Is the Cost of \text

question 71

Multiple Choice

The inventory data for an item for November are: $\begin{array}{lll}25 \text { units at } \$ 20 \text { each } & \text { Inventory } & \text { Nov. } 1 \\30 \text { units at } \$ 21 \text { each } & \text { Purchase } & 10 \\10 \text { units at } \$ 22 \text { each } & \text { Purchase } & 30 \\35 \text { units } & \text { Sale } &\end{array}$ Using the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on November 30?

• A) $640
• B) $605
• C) $630
• D) $660

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Definitions:

Human Infant

A very young child or baby in the earliest stage of life, particularly from birth to one year.

Loud Noise

A disruptive or disturbing sound of high intensity, often causing potential harm to hearing or inducing stress.

Conditioned Stimulus

A neutral stimulus that, upon being associated with an unconditioned stimulus, starts to induce a conditioned response.

Punishment

The imposition of a penalty or discomfort by an authority figure or system in response to an undesired behavior, aiming to decrease its occurrence.