The Inventory Record for a Particular Item for Year 2

question 90

Multiple Choice

The inventory record for a particular item for Year 2 appears below.
$\begin{array}{|l|l|l|l|}\hline \text { Inventory, January 1, Year 2 } & 20,000 & \$ 0.20 & \$ 4,000 \\\hline \text { Purchases: } & & & \\\hline \text { March 2 } & 4,000 & .24 & \$ 960 \\\hline \text { April 30 } & 3,000 & .28 & 840 \\\hline \text { June 15 } & 6,000 & .32 & 1,920 \\\hline \text { September 30 } & 2,000 & .26 & 520 \\\hline \text { December } 15 & 1.000 & .20 & 200 \\\hline \text { Total purchases } & 16.000 & & \$ 4,440 \\\hline \text { Total available for sale } & 36,000 & & \$ 8,440 \\\hline \text { Units sold } & 28,000 & & \\\hline\end{array}$ Refer to the Inventory Record example.The cost of goods sold for year 2 under LIFO is:

• A)$6,120
• B)$6,320
• C)$6,520
• D)$6,840
• E)$6,940

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Definitions:

Chemorepulsive Molecules

Chemical factors that repel growing axons or migrating cells, guiding them to their appropriate locations during neural development.

Netrins

A family of proteins involved in the guidance of neural development and the growth of neurons in the brain and spinal cord.

Semaphorins

Class of chemorepulsive molecules that deflect axons from inappropriate regions.

Rett Syndrome

A rare genetic neurological disorder that primarily affects females, characterized by slow growth, intellectual disability, and motor skill problems.