Inventory Flow Assumptions Arrow,Inc.uses a Perpetual Inventory System.On January 22,2015,the Company Had 200

question 36

Essay

Inventory flow assumptions
Arrow,Inc.uses a perpetual inventory system.On January 22,2015,the company had 200 units of a particular product on hand,with a total cost of $2,400.The per-unit costs were: On January 24,2015,Arrow sold 65 units of this product.
Using the three flow assumptions listed below,compute (1)the cost of goods sold,and (2)the cost of the inventory of this product on hand after this sale.Show your computations as per below format.

---

Definitions:

Multinational Corporations

Large companies that operate and have subsidiaries in several countries around the world, extending their influence across national borders.

Dependency Theory

A theory suggesting that the economic growth of developing countries is hindered by their dependence on developed countries, leading to unequal international relations.

Cycle of Debt

A repetitive sequence where a borrower incurs new debt to pay off existing debts, often leading to worsening financial conditions.

Prevented Industrialization

The hindrance or delay of the industrial development process in a country or region, often due to external or internal factors.