Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2014 are as follows: 
An end of the month (1/31/14) inventory showed that 120 units were on hand. If the company uses FIFO, what is the value of the ending inventory?
Definitions:
High-tech
Referring to the latest technology and the industry that develops it, especially in the fields of electronics, computing, and information technology.
Income Strata
Distinct categories of income levels within a society, often used to analyze social and economic disparities.
Sociologist
A social scientist who studies the development, structure, and functioning of human society and the dynamics of social interactions and relationships.
Households
Units consisting of one or more people who live in the same dwelling and share meals or living accommodation; may consist of a single family or some other grouping of people.
Q9: An example of poor internal control is<br>A)
Q31: During 2014, Yoder Enterprises generated revenues of
Q76: The entry to record the dishonor of
Q108: Financial information is presented below: <br>Operating Expenses
Q115: Match the internal control principle below with
Q182: Two categories of expenses for merchandising companies
Q184: The responsibility for keeping the records for
Q210: If a retailer regularly sells its receivables
Q221: A petty cash fund should be replenished<br>A)
Q226: Cost of goods purchased is computed by