Use this information to answer the following question. Dec. 1 Inventory 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.80 Total sales 100 units A periodic inventory system is used. Cost of goods sold under FIFO is

A) $429.
B) $426.
C) $452.
D) $237.


A

Business

You might also like to view...

For a layoff or plant closing that is covered by the Worker Adjustment and Retraining

Notification Act, the required notice must be given: A) To the National Labor Relations Board. B) To the union where the employees are represented by a union, and to the employees individually where there is no union. C) By filing with the secretary of state's office or other appropriate state office. D) By publication in a newspaper of general circulation in the locality where the plant is located. E) Individually to the affected employees in all circumstances.

Business

Closed meetings of the National Security Agency and other federal administrative agencies are permitted when

a. the subject of the meeting concerns accusing a person of a crime. b. open meetings would frustrate the implementation of future actions. c. the subject of the meeting involves matters relating to future liti¬ga¬tion or rulemaking. d. all of the choices.

Business

What factors contribute to the failure in necessary confrontation?

Business

According to the Pecking Order Hypothesis, less profitable companies in an asymmetric world will need more ________; they will first seek ________ and will avoid ________

A) external funding; equity funding; debt market B) internal funding; the use of retained earnings; debt market C) external funding; debt financing; equity market D) internal funding; the use of retained earnings; equity market

Business