Hawkeye Auto Parts Uses the Average Cost Retail Method to Estimate

question 118

Multiple Choice

Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: beginning inventory at cost and retail were $55,000 and $100,000, net purchases at cost and retail were $785,000 and $1,300,000, and sales during the first six months totaled $800,000. The estimated inventory at June 30, 2018, would be:

• A) $330,000.
• B) $360,000.
• C) $362,300.
• D) None of these answer choices are correct.

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Definitions:

Anxiety

An emotion characterized by feelings of tension, worry, or nervousness, usually regarding a forthcoming event or a result that is unpredictable.

Mood Disorders

Mood disorders are a category of psychiatric disorders characterized by a disturbance in a person's mood, such as depression or bipolar disorder.

Mindfulness-Based Interventions

Therapeutic approaches that incorporate mindfulness techniques to improve mental and physical wellbeing.

Cognitive Reactivity

The extent to which a negative mood can trigger patterns of negative thinking, commonly evaluated in depression research.