Use the Information Above to Answer the Following Question

question 96

Multiple Choice

Use the information above to answer the following question.If the company uses the FIFO method,what is the cost of its ending inventory?

• A)$24
• B)$42
• C)$58
• D)$76

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Definitions:

Cash Flow From Assets

Is the total amount of money being transferred into and out of a business, specifically from its operational, investment, and financial activities.

Operating Cash Flow

The amount of cash generated by a company’s normal business operations.

Depreciation Expense

Allocating the investment in a tangible asset over the time it is functional.

Net Working Capital

An indicator of a firm's immediate financial wellness and liquid assets, determined by subtracting current liabilities from current assets.