A Company Had Inventory on November 1 of 5 Units

question 143

Multiple Choice

A company had inventory on November 1 of 5 units at a cost of $20 each.On November 2,they purchased 10 units at $22 each.On November 6 they purchased 6 units at $25 each.On November 5,8 units were sold for $55 each.Using the Weighted Average perpetual inventory method,what was the value of the inventory on November 30?

• A)$304.00
• B)$404.00
• C)$299.33
• D)$280.00
• E)$276.00

Understand the nature of ionic bonds and their formation between atoms.

Differentiate between electrically neutral atoms and ions.

Identify acids, bases, and their roles in chemical reactions.

Explain the formation and importance of covalent bonds.

---

Definitions:

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve those goals.

Time Slot

A specific period of time allocated for a particular activity or event.

Ratio

A mathematical expression that represents the quantitative relationship between two numbers, showing how many times one value contains or is contained by the other.

Organization's Resources

Assets, capabilities, and other valuables owned or utilized by an organization for the purpose of maintaining operations and achieving its objectives.