The Exclusive Company Uses the Perpetual Inventory System What Is the Cost of Ending Inventory on January 31

question 67

Multiple Choice

The Exclusive Company uses the perpetual inventory system. The Exclusive Company has the following data available for the month of January: $\begin{array}{|c|c|c|c|}\hline \text { Date } & \text { Transaction } & \text { Units } & \text { Unit Cost } \\\hline \text { Jan. } 1 & \text { Beginning inventory } & 400 & \$ 1.00 \\\hline \operatorname{Jan} .9 & \text { Purchase } & 300 & \$ 1.10 \\\hline \text { Jan. } 10 & \text { Sale } & 400 & \\\hline \text { Jan. } 15 & \text { Purchase } & 400 & \$ 1.16 \\\hline \text { Jan. } 18 & \text { Sale } & 300 & \\\hline \operatorname{Jan} .24 & \text { Purchase } & 400 & \$ 1.26 \\\hline\end{array}$
What is the cost of ending inventory on January 31 using LIFO?

• A) $846
• B) $968
• C) $920
• D) $730

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Definitions:

T Cell Receptors

Proteins found on the surface of T cells, a type of lymphocyte, that are responsible for recognizing fragments of antigens as peptides bound to major histocompatibility complex (MHC) molecules.

Complement Proteins

A group of proteins in the blood and body fluids that play a crucial role in the immune system by enhancing the ability of antibodies and phagocytic cells to clear pathogens.

Antigen

A substance that, when introduced into the body, stimulates an immune response, specifically the production of antibodies.

IgG

A type of antibody found in all body fluids and the most abundant type of antibody in the human body, playing a crucial role in pathogen defense.