Netta Shutters Has the Following Inventory Information

question 6

Multiple Choice

Netta Shutters has the following inventory information. A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand.Assume a periodic inventory system is used.Ending inventory under LIFO is

• A)$738.
• B)$792.
• C)$1,740.
• D)$1,794.

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Definitions:

Proof Box

A container used by photographers to hold and display proofs of photographs for clients.

Conveyer Belts

Continuous moving strips or belts that are used in a variety of processes and locations to transport materials or objects from one place to another.

Glaze Coating

a smooth, often glossy barrier applied on surfaces like pottery, ceramics, and baked goods.

Hopper

A container used for bulk storage, particularly for materials that can flow freely, or a device that feeds materials into another machine.