Dobler Company Uses a Periodic Inventory System An End of the Month (1/31/2022) Inventory Showed That 240

question 116

Multiple Choice

Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: $$\begin{array} { l l r r } & \underline { \text { Units } } & \underline{\text { Per unit price }} & \underline { \text { Total } } \\\text { Balance, } 1 / 1 / 2022 & 300 & \$ 5.00 & \$ 1,500 \\\text { Purchase, } 1 / 15 / 2022 & 150 & 5.30 & 795 \\\text { Purchase, } 1 / 28 / 2022 & 150 & 5.50 & 825\end{array}$$ An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses LIFO what is the value of the ending inventory?

• A)$1264
• B)$1200
• C)$1302
• D)$1920

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Definitions:

Symbolic Interactionism

A theoretical perspective in sociology that emphasizes the role of symbols and language as core elements of all human interaction.

Essentialism

The belief in the real, true essence of things, the fixed, invariable, and unchangeable nature that defines entities or concepts.

Social Learning

A theory that suggests people can learn new behaviors and norms through observing and imitating others.

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, manifesting in various aspects of social, economic, and political life.