Use the Following Information for Questions

question 130

Multiple Choice

Use the following information for questions.
Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2009.Its inventory at that date was $220,000 and the relevant price index was 100.Information regarding inventory for subsequent years is as follows:
-What is the cost of the ending inventory at December 31, 2010 under dollar-value LIFO?

• A)$240,000.
• B)$256,800.
• C)$241,400.
• D)$235,400.

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Definitions:

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, typically measured for diagnosis since it is closely related to the force and rate of the heartbeat and the diameter and elasticity of the arterial walls.

Systolic

Relating to the phase of the heartbeat when the heart muscle contracts and pumps blood into the arteries.

Diastolic

Pertaining to the phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

OTC Drugs

Medications that can be bought without a prescription, typically for the treatment of minor health problems.