Calculate the Cost of Ending Inventory Using FIFO Method

question 100

Multiple Choice

Calculate the cost of ending inventory using FIFO method.

• A)$800
• Ending inventory
• 50 units
• B)$760
• C)$580
• D)$500

---

Definitions:

Romanian Orphanages

Institutions in Romania, noted in studies for their impact on child development due to deprivation and neglect experienced by children.

Adopted

A person who has been legally taken by another family as their own child, granting them the same rights and privileges as a biological child.

Months

Units of time, typically used in calendars, that roughly correspond to the period of time it takes for the moon to orbit the Earth, commonly divided into 12 periods in a year.