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qid 188 · business

Question: The Motor-Cade Auto Supply Company is taking inventory for the quarter ending June 30. It discovers that it has150 cans of Q-56 motor oil on hand. Records reveal the following information: Quantity Cost per Can Inventory, April 1 130 $.36 Purchase, April 15 100 $.365 Purchase, May 23 180 $.40 Purchase, June 29 120 $.425 Find the value of this item in their inventory, using the average cost method.

  1. $63.35
  2. $64.35
  3. $59.35
  4. $60.35
  5. $55.35
  6. $56.35
  7. $57.35
  8. $61.35
  9. $58.35
  10. $62.35

Our answer: I. $58.35 Source quote machine-checked (exact quote)

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How it was answered

Multi-step solver (maze), replayed by code

card: maze · card sha256 7c0c3369b19d9506…

Current source

Wikipedia, "Average cost method"

https://en.wikipedia.org/wiki/Average_cost_method

“Average cost method is an inventory valuation method in accounting that assigns a cost to inventory based on the average cost of goods available for sale during a period.”

Source quote machine-checked (exact quote)

retrieved 2026-09-17T23:56:26.513Z

page text sha256 993a63e2dde17d3a… · content sha256 7dac7adab14620a6…

addendum maze_qid188_b4_maze_input_ADDENDUM_source_rs20260917T235626Z · sha256 bc2961cab19c6da5… · replaces the version below, addendum sha256 9b204be1b1fcab9b…

Earlier version (superseded)

https://www.investopedia.com/terms/a/averagecostmethod.asp

Source weak (http_get_200_text_and_question_terms)

retrieved 2026-09-17T23:25:40.423Z

page text sha256 d3d1e39d4491f7b3… · content sha256 —

addendum maze_qid188_b4_maze_input_ADDENDUM_source_bf20260917T232540Z · sha256 9b204be1b1fcab9b… · replaces the version below, addendum sha256 352bbf1a871e4548…

Earlier version (superseded)

No public source has been found for this card yet (3 places checked internally).

addendum maze_qid188_b4_maze_input_ADDENDUM_source · sha256 352bbf1a871e4548…

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