Lionworks Enterprises Had the Following Inventory Data

question 98

Multiple Choice

Lionworks Enterprises had the following inventory data:
Assuming LIFO, 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)$224
• B)$200
• C)$214
• D)$192

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Definitions:

Nasal Cavity

The interior space of the nose, involved in breathing and olfaction, lined with hairs and mucous membranes.

Thyroid Cartilage

Largest laryngeal cartilage. It forms the laryngeal prominence, or Adam’s apple.

Laryngeal Cartilages

The cartilaginous structures in the larynx (voice box) that provide support and protection, including the thyroid, cricoid, and arytenoid cartilages.

Pharynx

A region of the throat situated behind the mouth and nasal cavity, crucial for the passage of air to the lungs and food to the esophagus.