Fix-It Hardware Began the Month of November with 150 Large

question 9

Multiple Choice

Fix-It Hardware began the month of November with 150 large brass switchplates on hand at a cost of $4.00 each.These switchplates sell for $7.00 each.The following schedule presents the sales and purchases of this item during the month of November.
$\begin{array}{|l|l|l|l|}\hline&\text { Purchases }\\\hline \text { Date of Transaction } & \text { Quantity Received } & \text { Unit Cost } & \text { Units Sold } \\\hline \text { November 5 } & & & 100 \\\hline \text { November 7 } & 200 & \$ 4.20 & \\\hline \text { November } 9 & & & 150 \\\hline \text { November } 11 & 200 & 4.40 & \\\hline \text { November } 17 & & & 220 \\\hline \text { November } 22 & 250 & 4.80 & \\\hline \text { November } 29 & & & 100 \\\hline\end{array}$ (CMA adapted, Dec 92 #27) Refer to the Fix-It Hardware example.If Fix-It uses weighted average inventory pricing, the gross profit for November would be

• A)$1,046
• B)$1,482
• C)$1,516
• D)$1,574
• E)$1,146

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Definitions:

Fully Functioning

A term used in humanistic psychology to describe an individual who is living in alignment with their true self and potential.

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The authentic version of an individual, embodying their true thoughts, feelings, and desires.

Ideal Selves

Represents an individual's conception of how they would like to be, encompassing aspirations, goals, and the standards one aims to achieve.

Rogers

Refers to Carl Rogers, an influential American psychologist and one of the founders of the humanistic approach to psychology, emphasizing the importance of free will, self-efficacy, and self-actualization.