P Didee Has the Following Inventory Information Assuming That a Perpetual Inventory System Is Used What Is

question 21

Multiple Choice

P. Didee has the following inventory information. $$\begin{array} { r l l } \text { July } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 90 \\5 & \text { Purchases } & 120 \text { units at } \$ 92 \\14 & \text { Sale } & 90 \text { units } \\21 & \text { Purchases } & 60 \text { units at } \$ 95 \\30 & \text { Sale } & 58 \text { units }\end{array}$$ Assuming that a perpetual inventory system is used what is the ending inventory on a FIFO basis?

• A) $4744
• B) $5860
• C) $4940
• D) $6346

---

Definitions:

Autocratic Political System

A form of government where power is concentrated in the hands of a single ruler or a small elite.

Democratic System

A form of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Empowerment

The process of giving individuals or groups more power and control over their lives, which can involve increasing their confidence, skills, and opportunities.

Participative Leadership

A leadership style that involves employees in decision-making processes and encourages collaboration and input from team members.