Yatsu Limited Has the Following Information in Its Accounting Records

question 115

Multiple Choice

Yatsu Limited has the following information in its accounting records as at December 31, 2014: A physical inventory count revealed that there was $68,000 in ending inventory.
-The cost of goods sold is

• A) $129,860.
• B) $134,360.
• C) $116,310.
• D) $110,810.

---

Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is used to estimate the true value of a population parameter with a certain level of confidence.

Population Mean

The average value of all the individuals or elements within a complete population.

Lower Tail

The lower tail of a distribution refers to the section of the distribution that contains the smaller values, often used in the context of probabilities and statistical significance.

Confidence Interval

An array of values, extracted from sample statistics, considered likely to have within it the value of an unknown population parameter.