Use the Following Information for 123 and 124

question 77

Multiple Choice

Use the following information for 123 and 124
Hay Company had January 1 inventory of $180,000 when it adopted dollar-value LIFO. During the year, purchases were $1,080,000 and sales were $1,800,000. December 31 inventory at year-end prices was $227,700, and the price index was 110.
-What is Hay Company's gross profit?

• A) $747,000.
• B) $749,700.
• C) $767,700.
• D) $1,590,300.

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Definitions:

Impregnation

The process of fertilizing an egg, resulting in pregnancy, or the act of permeating an object with another substance.

Implants

Medical devices or tissues inserted into the body, often for reconstructive or therapeutic purposes.

Hormonal Methods

Contraceptive techniques that employ hormones, such as estrogen and progestin, to prevent ovulation and thereby prevent pregnancy.

Mixed-Sex Couple

A romantic or sexual partnership comprising one male and one female individual.