Williams Company Had the Following Balances and Transactions During 2013

question 122

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 average- costing method is used? (Answers are rounded to the nearest dollar.)

• A)$1 150
• B)$1 200
• C)$1 050
• D)$900

---

Definitions:

Structural Unemployment

Unemployment resulting from industrial restructuring, leading to a mismatch between jobs available and the skills of the workforce.

Labor Supplied Exceeding

A situation where the quantity of labor offered by workers exceeds the quantity demanded by employers.

Structural Unemployment

Occurs when there is a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or shifts in the economy.

Short Spells Of Unemployment

Short spells of unemployment refer to brief periods during which an individual is without a job and actively seeking work.