Dobler Company Uses a Periodic Inventory System

question 100

Multiple Choice

Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses FIFO and sells the units for $10 each, what is the gross profit for the month?

• A)$1,782
• B)$1,818
• C)$3,600
• D)$2,400

---

Definitions:

Primary Motives

Fundamental drives that are biologically driven, such as hunger, thirst, sleep, and avoidance of pain, which are essential for survival.

Unlearned

Not acquired by learning or instruction; often used to describe innate behaviors or reflexes that occur naturally without being taught.

Motive

An internal process that energizes, guides, and maintains behavior towards achieving a goal.

Stomach Contractions

The involuntary movements of the stomach muscles, often associated with the digestive process or sometimes with feelings of hunger.