Information Relating to the Beginning Inventory and Purchase of Inventory

question 7

Multiple Choice

Information relating to the beginning inventory and purchase of inventory by Magnesium Chemicals is as follows: The cost of 50 units in the ending inventory using the first-in, first-out method is:
$$\begin{array} { l l l } \text { Specific Purchase } & \text { Number of Units } & \text { Cost per Unit } \\\text { Beginning inventory } & 25 & \$ 100 \\\text { First purchase } & 30 & \$ 95 \\\text { Second purchase } & 40 & \$ 105\end{array}$$

• A) $2,345.
• B) $5,567.
• C) $3,000.
• D) $5,150.

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Definitions:

Freud's

Pertaining to Sigmund Freud, the father of psychoanalysis, including his theories and methodologies.

Adler's

Pertaining to Alfred Adler's theories, focusing on the importance of feelings of inferiority and the drive for superiority in the development of personality.

Restroom

A public facility containing toilets and sinks for use by the general public or customers.

Ego

According to Freud, the psychological force that employs reason and operates in accordance with the reality principle.