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A merchandiser sold 1 unit on 6/5, 12 units on 6/16, and 6 units on 6/30, each at a selling price of $10. What is total sales revenue for June?
A$150
B$170
C$190
D$210
Answer & Solution
Correct answer: C. $190
1. Total units sold = $1 + 12 + 6 = 19$ units.
2. Each unit sells for $\$10$.
3. Total sales = $19 \times \$10 = \$190$.
_Source: Jonick, Principles of Financial Accounting (CC BY-SA 4.0), §4.1.1 "Perpetual Inventory System", p.116_
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