Use the Following Information for Questions
the Following Data

question 9

Multiple Choice

Use the following information for questions
The following data concerning the retail inventory method are taken from the financial records of Stone Company. $\begin{array}{lcc}&\text { Cost } & \text { Retail }\\\hline\text { Beginning inventory } & \$ 49,000 & \$ 70,000 \\\text { Purchases } & 224,000 & 320,000 \\\text { Freight-in } & 6,000 & - \\\text { Net markups } & - & 20,000 \\\text { Net markdowns } & - & 14,000 \\\text { Sales } & - & 336,000\end{array}$
-If the ending inventory is to be valued at approximately the lower of cost or market, the calculation of the cost to retail ratio should be based on goods available for sale at (1) cost and (2) retail, respectively of

• A)$279,000 and $410,000.
• B)$279,000 and $396,000.
• C)$279,000 and $390,000.
• D)$273,000 and $390,000.

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Definitions:

Phobic Disorder

An anxiety disorder characterized by an excessive and irrational fear of a specific object, situation, or activity.

GAD

Generalized Anxiety Disorder, a mental health condition characterized by persistent and excessive worry about different aspects of life.

Personality Disorder

A mental health disorder marked by long-standing patterns of behavior, thought, and personal experience that are not adaptive and vary significantly from the cultural norms of the individual's society.

Rigid

Describing an inability or unwillingness to adapt or change opinions, behavior, or actions despite new information or changing circumstances.