Use the Following Information for Questions

question 60

Multiple Choice

Use the following information for questions.
The following information was available from the inventory records of Rich Company for January:
-Assuming that Rich maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar?

• A)$12,606.
• B)$12,284.
• C)$12,312.
• D)$12,432.

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Definitions:

Nussbaum's

Pertains to the philosophical ideas of Martha Nussbaum, especially her work on capabilities and human development.

Greatest Happiness Principle

The ethical principle that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness, core to Utilitarian philosophy.

Utility

In economics and philosophy, the measure of satisfaction or benefit that an individual receives from a choice or action; in utilitarianism, it's the overall happiness or good produced.

Double Effect

An ethical principle that allows actions which have two effects: one intended and good, and the other unintended and potentially harmful, under certain conditions.