A Company Has Inventory of 15 Units at a Cost

question 217

Multiple Choice

A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12, they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory on August 15 after the sale?

• A)$140
• B)$160
• C)$210
• D)$380
• E)$590

---

Definitions:

Primary Hormone

A crucial hormone that plays a leading role in regulating vital body processes.

Stress Response

The body's reaction to any change that requires an adjustment or response, involving physical, mental, and emotional responses.

Ego-Defense Mechanism

Psychological strategies employed by the ego to manage stress, anxiety, and conflict by distorting reality in various ways.

Frustrated

The feeling of being upset or annoyed due to the inability to change or achieve something.