Given the Following Data, What Is the Value of Ending

question 107

Multiple Choice

Given the following data, what is the value of ending inventory if the FIFO periodic method is used? $\begin{array} { | l | l | } \hline \text { Sales revenue } & 200 \text { units at } \$ 20 \text { per unit } \\\hline \text { Beginning inventory } & 60 \text { units at } \$ 12 \text { per unit } \\\hline \text { Purchases } & 210 \text { units at } \$ 13 \text { per unit } \\\hline\end{array}$

• A)$1,400
• B)$840
• C)$910
• D)$1,600

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Definitions:

Sensory Receptors

Specialized cells or nerve endings that respond to changes in the environment by generating signals that travel to the nervous system.

Action Potentials

Rapid, momentary changes in the electrical potential across a cell membrane, key in the transmission of nerve impulses.

Effectors

Organs, glands, or cells that act in response to stimuli, executing the responses of the nervous or hormonal system to external or internal changes.

Dendrites

Branch-like extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.