Checkers Uses the Periodic Inventory System

question 122

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 LIFO method, what is the ending inventory?

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

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Definitions:

Norepinephrine

A neurotransmitter and hormone involved in the body's fight or flight response, regulating heart rate, blood pressure, and blood sugar levels.

Psychodynamic Theory

A psychological framework focusing on unconscious processes and childhood experiences affecting current behavior and feelings.

Unconscious Processes

Mental processes not directly accessible to consciousness but that influence judgments, feelings, or behavior.

Psychodynamic Clinician

A mental health professional who applies psychoanalytic theories and methods to treat mental disorders, exploring the influence of unconscious processes and childhood experiences.