The Following Data Is Available: Using the Gross Profit

question 79

Multiple Choice

The following data is available: Using the Gross profit method, the Estimated cost of ending inventory would be:

• A)$7 150.
• B)$7 850.
• C)$15 000.
• D)$5 850.

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Definitions:

Affect

A term referring to the experience of feeling or emotion.

Feeling State

The emotional condition or mood of an individual at a particular moment in time.

Automatic Response

An involuntary or reflex action that occurs in response to a stimulus without conscious thought.

Evaluative Reaction

Judgements or feelings about the value or worth of something, based on a rapid assessment.