Which of the Following Is Created by the Chemical or Radioactive

question 22

Multiple Choice

Which of the following is created by the chemical or radioactive by-products of the manufacturing process?

• A) Fracking
• B) Toxic waste
• C) Alternative sources of energy
• D) Carbon dioxide
• E) Landfill waste

---

Definitions:

Actual Inventory

The physical count of products or materials a company has available at a specific point in time.

Ending Inventory

Ending inventory is the value of goods still available for sale by a company at the end of an accounting period, calculated as the sum of the beginning inventory plus purchases minus cost of goods sold.

LIFO

"Last In, First Out," an inventory costing method where the most recently produced or acquired items are sold or used first, potentially reducing taxes during inflation.

FIFO

An inventory valuation method that assumes that the first items placed in inventory are the first sold, thus costs of the oldest inventory are used in the cost of goods sold calculation.