Checkers Uses the Periodic Inventory System

question 110

Multiple Choice

Checkers uses the periodic inventory system.For the current month, the beginning inventory consisted of 1,200 units that cost $12 each.During the month, the company made two purchases: 500 units at $13 each and 2,000 units at $13.50 each.Checkers also sold 2,150 units during the month.Using the FIFO method, what is the ending inventory?

• A)$20,073.
• B)$18,600.
• C)$20,925.
• D)$18,950.

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Definitions:

Predictor Variable

A variable in research that is believed to influence or forecast changes in another variable or outcome.

Dependent Variable

In research and experiments, the variable that is being tested and measured, expected to change as a result of manipulations to the independent variable.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their style to fit the employee's and task's needs to achieve a goal.

Task Characteristics

The attributes or features inherent in work-related activities that affect how they are perceived and performed.