Alphabet Company,which Uses the Periodic Inventory Method,purchases Different Letters for Resale.Alphabet

question 89

Multiple Choice

Alphabet Company,which uses the periodic inventory method,purchases different letters for resale.Alphabet had no beginning inventory.It purchased A thru G in January at $4 per letter.In February,it purchased H thru L at $6 per letter.It purchased M thru R in March at $7 per letter.It sold A,D,E,H,J and N in October.There were no additional purchases or sales during the remainder of the year. If Alphabet Company uses the LIFO method,what is the cost of its ending inventory?

• A)$24
• B)$42
• C)$58
• D)$76

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Definitions:

Refreezing

The phase of Lewin’s planned change process at which change is stabilized.

Long-Term Continuity

The strategic aim of ensuring an organization's operations, values, and goals persist over a lengthy period.

Planned Change

A deliberate effort to improve a system or process, often involving interventions designed by management.

Future Challenges

The anticipated difficulties or obstacles that await in the forthcoming phase, requiring preparedness and adaptation.