Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 10

Multiple Choice

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

What was the value of ending inventory of Algo, using the FIFO assumption?

• A) $1460
• B) $1480
• C) $2400
• D) $1400

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Definitions:

Leadership Traits

Inherent characteristics or qualities that are thought to be beneficial for effective leadership, such as integrity, confidence, and intelligence.

Initiative

The ability to assess and initiate things independently, often leading to new ideas or actions without being directed by others.

Leadership Labyrinth

A metaphor for the complex challenges and barriers that leaders, especially women, face in rising to top positions in organizations.

Glass Ceiling

A metaphorical barrier preventing minorities and women from advancing to higher positions in corporations and organizations due to bias and organizational structures.