Fulbright Corp

question 138

Multiple Choice

Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition) : 40 units at $100
70 units at $80
170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
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Ending inventory using the LIFO method is:

• A) $650.
• B) $1,000.
• C) $707.
• D) $600.

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Definitions:

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The measurement of a sentence determined by the number of words it contains, influencing the readability and tone of a text.

Business Audiences

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Faulty Parallelisms

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Independent Clause

A group of words that contains a subject and a verb and can stand alone as a complete sentence.