A Company Had Inventory of 5 Units at a Cost

question 11

Multiple Choice

A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it purchased 6 units at $25 each. On November 8, it sold 18 units for $54 each. Using the LIFO perpetual inventory method, what was the cost of the 18 units sold?

• A) $395.
• B) $410.
• C) $450.
• D) $510.
• E) $520.

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Definitions:

Group Therapy

A form of psychotherapy in which a small, carefully selected group of individuals meets regularly with a therapist to discuss and work through their problems.

Traditional Hypnotherapy

A therapeutic technique that induces a trance-like state to increase focus and concentration, often used for healing or accessing forgotten memories.

Personal Experiences

are individual occurrences or events encountered in a person's life, shaping their perceptions, beliefs, and reactions to future situations.

Free Association

In psychoanalysis, the uncensored uttering of all thoughts that come to mind.