Langer Company Has the Following Inventory Information

question 142

Multiple Choice

Langer Company has the following inventory information. Assuming that a perpetual inventory system is used, what is the ending inventory (round all calculations to nearest dollar) under the moving-average cost method?

• A) $2,930
• B) $2,966
• C) $2,986
• D) $3,054

Recognize the differences between the markets for "farm products" and "food products".

Analyze the effects of bumper crops and poor crops on farm incomes and prices.

Understand the role of international factors, such as trade relations and the value of the dollar, on U.S. agriculture.

Identify the long-term trends in U.S. agriculture, including changes in farm employment, farm size, and the contribution of agriculture to GDP.

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Definitions:

Clothing

Items worn on the body, usually made from fabric or textiles.

Interviewer

An individual who asks questions or conducts an interview, typically for the purpose of gathering information or assessing qualifications.

Scheduled Time

A predetermined or planned period when an event or activity is intended to take place.

Positive Traits

Characteristics or qualities that are viewed favorably and contribute to the effectiveness or success of an individual.