Quan Uses a Periodic Inventory System

question 31

Multiple Choice

Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. If Quan uses the LIFO inventory method, how much is inventory on the balance sheet as of April 30?

• A)$40
• B)$50
• C)$58
• D)$60

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Definitions:

Awareness Of Others

The way we are aware (or unaware) of the feelings, behaviors, personalities, likes, and dislikes in other people.

Harmonious Workforce

A work environment where employees work together in a cooperative and conflict-free manner.

Diversity Management

The strategic approach to recognizing, respecting, and leveraging differences within a workforce to improve business outcomes.

Race

Identifying biological factors such as skin, hair, or eye color.