Using Direct Costing,the Value of Ending Inventory of Finished Goods

question 96

Multiple Choice

Using direct costing,the value of ending inventory of finished goods is:

• A) $100,000
• B) $120,000
• C) $140,000
• D) $220,000

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Definitions:

Registration Requirements

Legal obligations mandating the registration of certain information, entities, or activities with governmental authorities for regulation and oversight purposes.

SEC

The Securities and Exchange Commission (SEC) is a U.S. government agency responsible for regulating the securities markets and protecting investors.

Capital

Assets or resources, especially financial wealth, used or available for use in the production of more wealth.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.