Use This Information to Answer the Following Question

question 71

Multiple Choice

Use this information to answer the following question. Assuming that the specific identification method is used and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory,cost of goods sold is

• A)$221.
• B)$418.
• C)$338.
• D)$445.

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Definitions:

Aristotle

An ancient Greek philosopher and polymath, whose extensive works laid the foundation for much of Western philosophy, science, and ethics.

Censorship

The suppression or prohibition of speech, public communication, or other information which may be considered objectionable, harmful, sensitive, or inconvenient as determined by governments, media outlets, or other controlling bodies.

Plato

An ancient Greek philosopher who was a student of Socrates and the teacher of Aristotle, known for his works that laid the foundation for much of Western philosophy.

Arts

Various forms of creative expression including, but not limited to, painting, music, literature, and dance.