Use This Information to Answer the Following Question

question 112

Multiple Choice

Use this information to answer the following question. A periodic inventory system is used.
Using FIFO,the cost assigned to ending inventory is

• A) $4,056.
• B) $1,332.
• C) $1,740.
• D) $4,464.

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Definitions:

Sensitive Period

A specific time frame in development when the organism is particularly responsive to certain environmental stimuli or experiences.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding to produce fertile offspring.

Tape Recorder

An electronic device used for recording sound on magnetic tape and for playing back recorded sound.

Associate Tastes

The phenomenon whereby an individual develops a preference for or aversion to certain flavors based on past experiences.