How Many Calories Does 1 Gram of Alcohol Provide

question 64

Multiple Choice

How many Calories does 1 gram of alcohol provide?

• A)2
• B)4
• C)7
• D)9

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Definitions:

Average cost method

An inventory costing method that assigns the average cost of all similar items to the cost of goods sold and to ending inventory.

Periodic system

An inventory accounting system that updates inventory balance and cost of goods sold at the end of an accounting period.

Ending inventory

The total value or quantity of goods on hand at the end of an accounting period.

LIFO method

An inventory cost-flow assumption where the last items purchased or produced are the first to be expensed as sold, opposite of FIFO.