Langer Company Has the Following Inventory Information

question 20

Multiple Choice

Langer Company has the following inventory information. Assuming that a perpetual inventory system is used, what is the ending inventory (round all calculations to nearest dollar) under the moving-average cost method?

• A)$2,930
• B)$2,966
• C)$2,988
• D)$3,054

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Definitions:

Prevent Injury

The act of taking precautions to avoid accidents or harm to oneself or others.

Nasal Mucosa

The lining of the nose.

Palpation

The method of examining parts of the body by touch, especially for medical purposes.

Texture

The feel, appearance, or consistency of a surface or substance, often perceived through touch.