Lionworks Enterprises Had the Following Inventory Data

question 3

Multiple Choice

Lionworks Enterprises had the following inventory data:

Assuming LIFO,what is the cost of goods sold for the July 14 sale?

• A)$455
• B)$440
• C)$456
• D)$464

---

Definitions:

Inability to Adjust

Difficulties faced by an individual or organization in adapting to new conditions, situations, or environments.

Global Managers

Executives or administrators equipped with the skills and knowledge to operate and compete in an international business environment.

Decentralized Organizations

Organizations in which decision-making authority is distributed among various levels and departments, allowing for greater responsiveness and flexibility.

Host-Country Nationals

Individuals who are citizens of a country in which a foreign organization operates, often employed by these organizations.