Find the Inventory Values Using (A) the Weighted-Average Method, (B)

question 62

Multiple Choice

Find the inventory values using (a) the weighted-average method, (b) the FIFO method, and (c) the LIFO method. Round final answers to the nearest dollar.
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• A)a)$5,907 b)$2,850 c)$1,932
• B)a)$2,274 b)$2,158 c)$2,261
• C)a)$2,274 b)$2,261 c)$2,158
• D)a)$5,907 b)$2,627 c)$1,716

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Definitions:

Superior Vena Cava

A large vein that carries deoxygenated blood from the upper half of the body to the heart.

Gap Junctions

Specialized intercellular connections between a multitude of animal cell-types that directly connect the cytoplasms of two cells, allowing various molecules, ions, and electrical impulses to directly pass through a regulated gate between cells.

Cardiac Muscle Cell

Specialized muscle cells found only in the heart, featuring unique properties such as automaticity and the ability to contract as a unit.

Electrical Resistance

A measure of the degree to which an object opposes the passage of an electric current.