J Q Adams Co

question 57

Multiple Choice

J. Q. Adams Co. had beginning inventory of 50 units with a total cost of $1000. During the period, J. Q. Adams first purchased 20 units for $800 and then 30 units for $1800. The company uses the LIFO periodic method of costing inventory. If a physical count of ending inventory showed 45 units, at what amount would they be valued on the balance sheet?

• A) $1620
• B) $900
• C) $2400
• D) $3600

---

Definitions:

Anaphylaxis

A severe allergic reaction with symptoms that include respiratory distress, difficulty in swallowing, pallor, and a drastic drop in blood pressure that can lead to circulatory collapse.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, a critical parameter in assessing cardiovascular health.

Life-Threatening

Describing a condition, illness, or situation that has the potential to cause death or serious harm if not addressed immediately.

Naturally Acquired Passive

Immunity obtained passively through the transfer of antibodies from mother to fetus or through breast milk, without direct exposure to pathogens.