$\text { Neighborly Industries has the following inventory information. }$

question 72

Multiple Choice

$\text { Neighborly Industries has the following inventory information. }$
$\begin{array}{rll}\text { July }1 & \text { Beginning Inventory } & 20 \text { units at } \$ 120 \\5 & \text { Purchases } & 120 \text { units at } \$ 112 \\14 & \text { Sale } & 80 \text { units } \\21 & \text { Purchases } & 60 \text { units at } \$ 115 \\30 & \text { Sale } & 56 \text { units }\end{array}$
Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

• A) $ 7,328
• B)$ 7,348
• C)$ 15,392
• D)$ 15,412

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Definitions:

Incidence Rate Ratio

A measure used in epidemiology to compare the rate of occurrence of new cases of a disease or condition between two study populations over a specific time period.

Population Proportion Attributable Risk

The proportion of incidents in the population that are due to the risk factor, helping in understanding the public health impact of the factor.

Cohort Study

A research method that follows a group of people over time to study their exposures and the subsequent outcomes.

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