Use the Following Information for Questions

question 61

Multiple Choice

Use the following information for questions.
Tang Inc.uses the retail inventory method.The following information is available for the current year:
-If the ending inventory is to be valued at approximately lower of average cost and market, the calculation of the cost ratio should be based on cost and retail of

• A)$450,000 and $645,000.
• B)$450,000 and $642,000.
• C)$559,000 and $825,000.
• D)$567,000 and $828,000.

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Definitions:

Delta Waves

The large, slow brain waves associated with deep sleep.

N1 Sleep

The first stage of the sleep cycle, characterized as the transition period from wakefulness to sleep, marked by light sleep and a reduction in muscle activity and awareness of the surroundings.

Circadian Rhythm

The internal biological clock that regulates the sleep-wake cycle and other physiological processes within approximately a 24-hour period.

Alpha Wave

A type of brain wave detected by electroencephalography (EEG) that indicates a state of physical and mental relaxation while being awake.