Use the Following Information for Questions
the Following Data

question 72

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. $\begin{array}{lcc}&\text { Cost } & \text { Retail }\\\hline\text { Beginning inventory } & \$ 49,000 & \$ 70,000 \\\text { Purchases } & 224,000 & 320,000 \\\text { Freight-in } & 6,000 & - \\\text { Net markups } & - & 20,000 \\\text { Net markdowns } & - & 14,000 \\\text { Sales } & - & 336,000\end{array}$
-Assuming no change in the price level if the LIFO inventory method were used in conjunction with the data, the ending inventory at cost would be

• A)$42,600.
• B)$42,000.
• C)$40,800.
• D)$43,200.

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Definitions:

Structural Encoding

Structural encoding is the process of encoding information according to the structure of objects, focusing on the physical features rather than the meaning.

Phonemic Encoding

The process by which sounds are translated into mental symbols for storage in memory.

Semantic Encoding

The process of encoding sensory information into memory, attaching meaning and significance to it.

Phonemic Encoding

Phonemic encoding is the process of breaking down and translating spoken words into their basic sound units or phonemes, facilitating language understanding and processing.