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:

God's Relationship

The way in which the divine or a deity is understood to relate to and interact with the world and its inhabitants.

Persian Philosopher

A philosopher originating from Persia (modern-day Iran) known for contributing to the rich tradition of Persian intellectual thought throughout history.

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Cultural, philosophical, or religious traditions that have not been the principal focus or held significant power in mainstream society.

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Prejudices or predispositions toward one’s own culture or cultural perspectives, often at the expense of other cultures or viewpoints.