Use the Following Information for Questions 98 and 99

question 81

Multiple Choice

Use the following information for questions 98 and 99.
The following information was available from the inventory records of Rich Company for January:
-Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?

• A) $15,757.
• B) $15,356.
• C) $15,390.
• D) $15,540.

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Definitions:

Active Transport

Energy-requiring mechanism in which a transport protein pumps a solute across a cell membrane against the solute’s concentration gradient.

Transport Protein

Protein that moves specific ions or molecules across a cell membrane.

Solute

A dissolved substance.

Phagocytosis

“Cell eating”; type of receptor-mediated endocytosis in which a cell engulfs a large solid particle such as another cell.