A Company Had the Following Purchases and Sales During Its

question 171

Multiple Choice

A company had the following purchases and sales during its first year of operations: On December 31,there were 26 units remaining in ending inventory.Using the Perpetual LIFO inventory valuation method,what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

• A)$3,405.
• B)$3,270.
• C)$3,200.
• D)$3,364.
• E)$5,400.

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Definitions:

Mode

Most frequently occurring score or value of a variable in a set of data.

Range

The difference between the highest and lowest values in a data set, indicating the span of data points.

Standard Deviation

A measure of the dispersion or variability within a set of numerical data, indicating how spread out the values are from the mean.

Variance

A statistical measure of the dispersion representing how much the data points in a data set diverge from the mean value.