Marlin Co Uses a Periodic Inventory System with the Specific Identification

question 9

Multiple Choice

Marlin Co. uses a periodic inventory system with the specific identification method of cost assignment. Inventory purchases for the month of August were:

$$\begin{array} { l l l r } & \text { Date } & \text { Urits } & \text { Urit Cost } 5 \\\hline \text { Begirruing Irvertory } & 1 \text {-Aug } & 2000 & 8.00 \\\text { Purchase } & 8 \text {-Aug } & 1000 & 10.00 \\\text { Purchase } & 16 \text {-Aug } & 1500 & 12.00 \\\text { Purchase } & \text { 27-Aug } & 1300 & 11.00\end{array}$$
On 24 August 1200 units from beginning inventory and 1000 units from the 16 August purchase were sold. What was the value of ending inventory at 31 August?

• A) $21 600
• B) $36 700
• C) $39 600
• D) $58 300

---

Definitions:

Outcome

The result or effect of an action, situation, or event.

Job Security

The guarantee or chance that someone will keep their position without the danger of losing their job.

Communication Competency

The ability to effectively convey, receive, and interpret messages, information, and ideas through various mediums and settings.

Internal Programs

Projects, initiatives, or plans developed within an organization to achieve specific goals, improve operations, or address internal needs.