Williams Company Had the Following Balances and Transactions During 2013

question 96

Multiple Choice

Williams Company had the following balances and transactions during 2013. What would the company's inventory amount be on the 31 December 2013 balance sheet if the perpetual LIFO method is used? (Answers are rounded to the nearest dollar.)

• A)$1 050
• B)$1 100
• C)$1 200
• D)$900

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Definitions:

Tissue-Specific Gene

A gene that is expressed in particular tissues of an organism rather than in all tissues, often contributing to the specialized functions of that tissue.

Conserved

Conserved in a biological context refers to genes, sequences, or structures that have remained unchanged throughout evolution across different species.

Caenorhabditis Elegans

A free-living, transparent nematode (roundworm), about 1 mm in length, which lives in temperate soil environments. It is extensively used as a model organism in molecular and developmental biology.

Transparent Body

A characteristic of organisms or biological entities that allows light to pass through their tissues, rendering them almost invisible.