A Company Had 8 Units at a Cost of $12

question 197

Multiple Choice

A company had 8 units at a cost of $12 each in inventory on November 1. On November 2, the company purchased 13 units at $13 each. On November 6, the company purchased 9 units at $14 each. On November 8, the company sold 24 units for $57 each. Given this information, determine the cost of the 6 units remaining in inventory after the November 8 sale using the LIFO periodic inventory method.

• A)$78
• B)$319
• C)$336
• D)$72
• E)$84

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Definitions:

Measure of Equity

relates to assessing a brand's value from the perspective of consumer recognition, loyalty, perceived quality, and associations.

Target Market

The specific segment of the market to which a brand or product is directed, identified by particular demographics, interests, or needs.

Brand Associations

The thoughts, feelings, perceptions, and beliefs that consumers have about a brand, which can be shaped by marketing efforts and experiences.

Quantitative Research

A research method focused on gathering numerical data and performing statistical, mathematical, or computational techniques to gain insights.