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:

Subdivisions

Sections or segments into which a larger area, population, or structure is divided, often used in urban planning, demographic studies, and experimental designs.

Null Hypothesis

The hypothesis that assumes no significant difference or effect in the context of a statistical test, subject to verification against an alternative hypothesis.

Distribution

The method by which something is divided among a group or distributed across a region.

Home Prices

The financial cost at which a residential property is offered for sale in the real estate market.