Eller Company Uses a Periodic Inventory System

question 60

Multiple Choice

Eller Company uses a periodic inventory system. Relevant inventory information for the year follows: At year-end, 50 units remain in inventory. What is the cost of the ending inventory on a LIFO basis?

• A) $7,950
• B) $7,100
• C) $8,750
• D) $8,450

---

Definitions:

Anus

Outlet of the digestive tube.

Mouth

In humans, organ of the digestive tract where food is chewed and mixed with saliva.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with lower values being more acidic and higher values more basic.

Protein Digestion

The process of breaking down proteins into their constituent amino acids or peptides, primarily in the stomach and small intestine.