________ Allows Shoppers to Create Profiles and Blogs About Their

question 3

Multiple Choice

________ allows shoppers to create profiles and blogs about their favorite products in social communities.

• A) Epinions
• B) InStyle
• C) Stylehive
• D) ThisNext

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Definitions:

Ending Inventory

The cost of merchandise ready to be sold at the close of an accounting cycle, found by taking the initial inventory, adding purchases, and subtracting the cost of goods sold.

Inventory Valuation

The method used to assign a monetary value to inventory, which affects the cost of goods sold and gross profit.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in cost accounting.

Ending Inventory

The aggregate worth of items on offer at the termination of an accounting cycle.