Portey Company Portey Uses a Perpetual Inventory System and Had the Following

question 60

Multiple Choice

Portey Company
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the FIFO inventory costing method, the amount of ending inventory reported on the balance sheet is:

• A) $1,901.00.
• B) $1,010.00.
• C) $1,041.00.
• D) $1,045.00.

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Definitions:

Verbal Communication

The process of exchanging information and expressing ideas through spoken words.

Nonverbal Communication

A way of conveying messages and emotions without the use of words, through gestures, facial expressions, and body language.

Interpersonal Signals

Interpersonal signals are nonverbal cues or gestures used in communication to convey feelings, intentions, or messages between individuals.

Business Conventions

Established practices, norms, or rules in the business world, or large gatherings and conferences related to a specific industry.