The Inventory Records of a Corporation Provided the Following Information

question 144

Multiple Choice

The inventory records of a corporation provided the following information at the end of 2013: $\begin{array} { | l | l | } \hline \text { Cost per unit } & \$ 10,000 \\\hline \text { Insurance premium paid per unit } & 500 \\\hline \text { Financing expense per unit } & 600 \\\hline \text { Cost of permanent security system per unit (allocated) } & 1,500 \\\hline \text { Freight per unit (when purchased) } & 300 \\\hline \text { Cost of permanent reusable display case for this product only, per unit }& 400 \\\hline \text { Advertising expense per unit (allocated) } & 1,000 \\\hline\end{array}$ What unit cost should be used for valuing inventory on hand at the end of 2013?

• A) $10,800
• B) $12,200
• C) $12,800
• D) $13,700

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Definitions:

Purposive Sampling

A non-random sampling technique where subjects are selected based on specific characteristics or qualities, targeting a particular segment.

Snowball Sampling

A non-probability sampling technique where existing study subjects recruit future subjects from among their acquaintances, often used in studies with hard-to-reach populations.

Purposive Sampling

A non-random sampling technique where participants are chosen based on particular characteristics or qualities relevant to the study.

Convenience Sampling

A non-probability sampling technique where subjects are selected due to their convenient accessibility and proximity to the researcher.