Inventory Records for Marvin Company Revealed the Following: Marvin Sold

question 76

Multiple Choice

Inventory records for Marvin Company revealed the following: Marvin sold 2,300 units of inventory during the month.Cost of goods sold assuming FIFO would be:
$$\begin{array} { | l | l | c | r | } \hline \text { Date } & \text { Transaction } & \text { Number of Units } & \text { Unit Cost } \\\hline \text { Mar. 1 } & \text { Beginning inventory } & 1,000 & \$ 7.20 \\\hline \text { Mar. 10 } & \text { Purchase } & 600 & 7.25 \\\hline \text { Mar. 16 } & \text { Purchase } & 800 & 7.30 \\\hline \text { Mar. 23 } & \text { Purchase } & 600 & 7.35 \\\hline\end{array}$$

• A)$16,800.
• B)$16,760.
• C)$16,540.
• D)$16,660.

---

Definitions:

Sales Training Techniques

Methods and strategies used in educating sales teams on how to effectively engage customers, understand their needs, and close deals.

Sales Manager

A professional responsible for directing and guiding a team of salespeople, overseeing sales operations, and setting sales goals.

Ethical Issues

Moral dilemmas or questions about the rightness or wrongness of actions that individuals or organizations must navigate in their activities.

Legal Issues

Potential legal disagreements or disputes that arise in the course of business operations or personal activities, requiring resolution through legal means.