Use the Following Information for Questions
Kiner Co -The Value Assigned to Cost of Goods Sold If Kiner

question 46

Multiple Choice

Use the following information for questions
Kiner Co.has the following data related to an item of inventory: $\begin{array}{lc}\text { Inventory, March } 1 & 100 \text { units } @ \$ 4.20 \\\text { Purchase, March } 7 & 350 \text { units } @ \$ 4.40 \\\text { Purchase, March } 16 & 70 \text { units } @\$ 4.50 \\\text { Inventory, March } 31 & 130 \text { units }\end{array}$
-The value assigned to cost of goods sold if Kiner uses FIFO is

• A)$579.
• B)$552.
• C)$1,723.
• D)$1,696.

---

Definitions:

Risk Transference

The strategy of shifting potential risk from one party to another, often through insurance or contracts.

FireEye

A cybersecurity company known for providing various products and services aimed at stopping advanced cyber threats.

Security Software

Programs designed to protect computer systems and information from harm, theft, and unauthorized access.

Spam

Unwanted or unsolicited digital messages sent in bulk, often containing advertisements or scams, typically via email.