Charter Company,which Uses the Perpetual Inventory Method,purchases Different Letters for Resale.Character

question 39

Multiple Choice

Charter Company,which uses the perpetual inventory method,purchases different letters for resale.Character had a beginning inventory comprised of seven units at $4 per unit.The company purchased five units at $6 per unit in February,sold seven units in October,and purchased two units at $7 per unit in December. If Charter Company uses the LIFO method,what is the cost of its ending inventory?

• A)$38
• B)$34
• C)$44
• D)$72

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Definitions:

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Outputs

The results or products generated from operational or production processes.

Routing

The process of determining the path data packets travel across a network, or the method of deciding how to move materials within a manufacturing process.

Dispatching

Allocating resources and beginning the steps to produce a product.