Checkers Uses the Periodic Inventory System

question 12

Multiple Choice

Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 4,800 units that cost $12 each. During the month, the company made two purchases: 2,000 units at $13 each and 8,000 units at $13.50 each. Checkers also sold 8,600 units during the month. Using the FIFO method, what is the ending inventory?

• A) $80,292.
• B) $74,400.
• C) $83,700.
• D) $75,800.

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Definitions:

Theoretical Integration

Theoretical integration in psychotherapy refers to the practice of combining concepts from different theoretical frameworks to enhance the understanding and treatment of clients.

Evidence-based Practices

Treatment methods and interventions that are grounded in systematic research evidence demonstrating their effectiveness in achieving desired outcomes.

Phenomenological

This term relates to a philosophical and research approach that focuses on exploring and describing experiences exactly as they are perceived, without interpretation or assumption.

Postmodern

A broad movement in philosophy, art, architecture, and criticism that emerged in the mid-to-late 20th century, characterized by skepticism towards grand narratives and ideologies.