If the beginning monthly balance of materials inventory was $37,000, the ending balance was $39,500, and $257,800 of materials were used, the cost of materials purchased during the month is:

Multiple Choice

• $255,300.

• $260,300.

• None of these answer choices is correct.

• $257,800.

• $297,300.

Your brother is trying to sell his bicycle for $200. He refuses to lose more than $50 on the sale because it originally cost him $229 when he purchased it two years ago. Which of the following would be his sunk cost?

Multiple Choice

• $50.

• None of the answers is correct.

• $200.

• $229.

• $179