Use the Following Information for the Month of July for Questions

question 22

Multiple Choice

Use the following information for the month of July for questions
ABC Inc.uses the FIFO cost formula in a perpetual inventory system.

-Ending inventory at July 31 is

• A)$2,330.
• B)$720.
• C)$680.
• D)$550.

---

Definitions:

Source

A company or person who has information to convey during the communication process.

Channel of Communication

Refers to the medium through which a message is transmitted from sender to receiver.

Public Relations Tools

Public relations tools are instruments and methods used to manage and enhance the public image of an individual, organization, or product.

Salesperson

An individual employed to sell products or services to customers, often working on commission and responsible for meeting sales targets.