Quan Uses a Periodic Inventory System

question 144

Multiple Choice

Quan uses a periodic inventory system.At the end of April,Quan had 20 units on hand. If Quan,Inc.uses the weighted average cost inventory method,how much is cost of goods sold for April?

• A)$230
• B)$232
• C)$240
• D)$250

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Definitions:

Element's Position

The specific location or index of an item within a data structure, such as an array or list.

Array Name

An array name in programming serves as a reference to the location of the first element in the array, which can be used to access other elements through indexing.

First Element

The initial item or component in an array, list, or other data structure, often located at index 0 in zero-based indexing systems.

Index

A numerical representation used to access particular data within an array or list by specifying its position.