RJ Corporation Has Provided the Following Information About One of Its

question 101

Multiple Choice

RJ Corporation has provided the following information about one of its inventory items: During the year,RJ sold 3,000 units.
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What was cost of goods sold using the FIFO cost flow assumption?

• A)$11,680,000.
• B)$11,590,000.
• C)$11,480,000.
• D)$11,550,000.

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Definitions:

Spiralia

Classification of invertebrate animals that includes the lophotrochozoans and platyzoans.

Tapeworm

A type of parasitic flatworm that lives in the digestive tract of vertebrates as adults and often causes illness.

Proglottids

Segments that make up the body of tapeworms, each containing a complete set of reproductive organs, and capable of developing into a new organism.

Scolex

Tapeworm head region; contains hooks and suckers for attachment to host.