Prescott Plates Uses a Periodic Inventory System

question 80

Multiple Choice

Prescott Plates uses a periodic inventory system. Prescott sold 35 dining sets during September. Other data for September include: Prescott sold 10 units from the Sept 1 balance, 15 from the Sept 6 purchase, and 10 from the Sept 12 purchase. Ending Inventory under the Specific Invoice method is:

• A) $11,750.
• B) $6,240.
• C) $5,820.
• D) $4,520.

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Definitions:

Decrease Negative Thoughts

The process or methods used to reduce or eliminate thoughts that are self-defeating, pessimistic, or detrimental to one's well-being.

Systematic Desensitization

A behavioral therapy technique used to help individuals overcome fears and anxieties by gradually exposing them to the feared object or context in a controlled way.

Phobic Responses

Excessive and irrational fear reactions to specific objects, situations, or activities, leading to avoidance behaviors.

Habitual Thinking Errors

Cognitive distortions that occur automatically and perpetuate negative thinking or emotions.