Benny's Bed Co

question 73

Multiple Choice

Benny's Bed Co. uses a periodic inventory system and the average cost retail method to estimate ending inventory and cost of goods sold. The following data is available from the company records for the month of September 2018.
- The average cost-to-retail percentage (rounded) is:

• A) 74.5%.
• B) 55.6%.
• C) 57.4%.
• D) 58.7%.

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Definitions:

Visually Habituate

The process by which an individual's response to a visual stimulus decreases with repeated exposure, demonstrating an adaptation to or learning about the stimulus.

Violation of Expectations

A cognitive development research method where infants are shown an event that defies their understanding, measuring their surprise to infer cognitive abilities.

Information-processing Ability

The capacity of the brain to analyze, evaluate, and retain information, helping in decision-making and problem-solving.

Causality

The relationship between cause and effect, where one event (the cause) directly influences the outcome of another event (the effect).