Stevens Company Started the Year with an Inventory Cost of $145,000

question 57

Multiple Choice

Stevens Company started the year with an inventory cost of $145,000. During the month of January, Stevens purchased inventory that cost $53,000. January sales totaled $140,000. Estimated gross profit is 35%. The estimated ending inventory as of January 31 is

• A) $58,000
• B) $91,000
• C) $107,000
• D) $69,300

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Definitions:

Communication Technologies

Tools and platforms used to facilitate and enhance the sharing of information.

Electronic Bullying

The use of electronic communication technologies to bully or harass an individual, typically by sending messages of an intimidating or threatening nature.

Job Demands

The physical, social, psychological, and organizational aspects of a job that require sustained physical and/or psychological effort or skills and therefore are associated with certain physiological and/or psychological costs.

Probability of Death

The statistical likelihood or chance of an individual dying within a given time period, often used in health and insurance contexts.