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:

Perceptual Motor Skill

The coordinated function of processing sensory information to guide motor movements.

Intellectual Environments

Intellectual environments are surroundings characterized by stimuli that promote cognitive engagement and mental development, such as books, discussions, and educational resources.

Sensitive Caregivers

Individuals who respond appropriately and empathically to a child's needs, facilitating secure attachment and emotional growth.

Educational Remediation

A targeted instructional strategy meant to address and support the learning needs or deficits of students to help them reach expected competencies.