Lionworks Enterprises Had the Following Inventory Data

question 107

Multiple Choice

Lionworks Enterprises had the following inventory data:
Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)$204
• B)$65
• C)$228
• D)$206

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Definitions:

Modern Reptiles

Current existing species of the class Reptilia, including snakes, lizards, turtles, crocodiles, and alligators, which are cold-blooded and lay eggs.

Hominin Species

Members of the taxonomic group that includes modern humans and all their ancestors, recognized by bipedalism and larger brain sizes relative to body.

Upright Vertebral Column

A characteristic feature of vertebrates including humans, enabling an upright posture and supporting the body's weight.

Bigger Brain

Generally refers to an increase in the size of the brain, which is often associated with the development of higher cognitive functions and intelligence in various species.