P Didee Has the Following Inventory Information Assuming That a Perpetual Inventory System Is Used, What Is

question 135

Multiple Choice

P. Didee has the following inventory information.
$\begin{array}{rll}\text { July } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 90 \\5 & \text { Purchases } & 120 \text { units at } \$ 92 \\14 & \text { Sale } & 90 \text { units } \\21 & \text { Purchases } & 60 \text { units at } \$ 95 \\30 & \text { Sale } & 58 \text { units }\end{array}$
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis?

• A) $ 4,744
• B) $ 4,750
• C) $ 4,940
• D) $ 4,790

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Definitions:

Hackman

Refers to J. Richard Hackman, a renowned researcher in organizational behavior, known for his work on team dynamics, leadership, and group effectiveness.

Autonomous

The ability to operate independently, make decisions, and act without the need for external control or reinforcement.

Personality

A collection of emotional, thought, and behavioral patterns unique to an individual that is consistent over time.

Team Effectiveness

The capacity of a team to meet its objectives and achieve its goals in an efficient and satisfying manner, often evaluated by performance outcomes, members' satisfaction, and the ability to continue working together.