Use the Circle Graph to Answer the Question

question 131

Multiple Choice

Use the circle graph to answer the question.
- The total domestic production last year was 5,942,000 vehicles. Determine the number of vehicles Produced by Generic Motors last year.

• A) 22,579,600 vehicles
• B) 2,257,960 vehicles
• C) 1,806,368 vehicles
• D) 225,796 vehicles

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Definitions:

Cost

The amount of money or resources expended in order to acquire an asset or carry out a specific activity.

Market

A public place or an institution where goods, securities, commodities, or services are traded.

LIFO Method

An inventory valuation method called "Last In, First Out" where the most recently produced items are recorded as sold first.

Ending Inventory

The aggregate worth of merchandise available for purchase at the closing of an accounting cycle.