Effie Company Uses a Periodic Inventory System

question 218

Multiple Choice

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: An end of the month (1/31/18) inventory showed that 160 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

• A) $800
• B) $832
• C) $848
• D) $868

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Definitions:

Planned Organizational Change

The deliberate process of implementing new methods or practices within an organization to improve efficiency or adapt to new circumstances.

Effective Change Programs

Initiatives or strategies designed to implement and manage change within an organization successfully, ensuring minimal resistance and achieving desired outcomes.

Organizational Change Situation

A state or condition wherein an organization undergoes a transition to modify its strategies, processes, structures, or culture.

Economic Approaches

The various theories and methods used to analyze and understand the economy, markets, and consumer behavior.