Exhibit 2-3 Michael's Compute-All,a National Computer Retailer,has Kept a Record of the of the Number

question 43

Multiple Choice

Exhibit 2-3
Michael's Compute-All,a national computer retailer,has kept a record of the number of laptop computers they have sold for a period of 80 days.Their sales records are shown below:

-Refer to Exhibit 2-3.The lower limit of the first class is

• A)5
• B)80
• C)0
• D)20

---

Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Budget Process

The systematic method by which an organization allocates its financial resources and plans its expenditures for a future period.

Finished Goods Inventory

Products that have completed the manufacturing process but have not yet been sold or distributed.

Direct Labour

Workforce directly involved in manufacturing goods or providing services, whose costs are directly attributed to products or services.