Dobler Company Uses a Periodic Inventory System

question 113

Multiple Choice

Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2014 are as follows: An end of the month (1/31/2014) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

• A) $843
• B) $800
• C) $868
• D) $1,280

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Definitions:

Protein Kinase

An enzyme that modifies other proteins by chemically adding phosphate groups to them, thereby altering their function.

G Protein

A group of proteins functioning as cellular molecular switches, responsible for conveying signals from external stimuli to the inside of the cell.

Cyclic AMP

A second messenger important in many biological processes, derived from adenosine triphosphate (ATP) and used for intracellular signal transduction.

Phosphorylation

The addition of a phosphate group to a molecule, a crucial process in biology that modulates the function of proteins and other molecules in cells.