Use This Information to Answer the Following Question

question 74

Multiple Choice

Use this information to answer the following question. A periodic inventory system is used.
Cost of goods sold under the average-cost method is

• A) $888.
• B) $666.
• C) $870.
• D) $444.

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Definitions:

American Businessmen

Entrepreneurs and professionals engaged in commercial, industrial, or professional activities in the United States.

Tea

A beverage made by steeping dried leaves of the tea plant (Camellia sinensis) in hot water, known for its cultural and historical significance across the world.

Opium

A narcotic obtained from the poppy plant, historically used for its analgesic and euphoric properties, and central to several historic conflicts such as the Opium Wars.

Mexican Southwest

Refers to the region of the United States that was formerly part of Mexico, including states such as California, Arizona, New Mexico, and Texas.