Storme Shutters Has the Following Inventory Information A Physical Count of Merchandise Inventory on November 30 Reveals

question 95

Multiple Choice

Storme Shutters has the following inventory information. $$\begin{array} { r l r } \text { Nov. } 1 & \text { Inventory } & 30 \text { units } @\$ 8.00 \\8 & \text { Purchase } & 120 \text { units }@\$ 8.30 \\17 & \text { Purchase } & 60 \text { units } @ \$ 8.70 \\25 & \text { Purchase } & 90 \text { units }@\$ 8.80\end{array}$$ A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory system is used. Ending inventory under FIFO is

• A) $655.
• B) $704.
• C) $1758.
• D) $1812.

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Definitions:

Adopted Children

Adopted children are those who have been legally taken into a family different from their birth parents, and raised as a member of that family.

Biological Parents

The individuals from whom one has inherited genetic material, typically referred to as a biological mother and father.

Adoptive Parents

Individuals or couples who become the legal parents of a child through the process of adoption, assuming responsibility for their welfare and upbringing.

Impoverished Environments

Conditions or settings lacking in resources, stimulation, and opportunities, which can negatively affect development and well-being.