Use the Following Information for Questions

question 89

Multiple Choice

Use the following information for questions
The inventory records for Radford Co.reflected the following

-Determine the amount of ending inventory assuming the FIFO cost flow method.

• A)$480
• B)$440
• C)$400
• D)$940

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Definitions:

Median

The middle value in a sorted list of numbers, which divides the data set into two halves.

IQR

Interquartile range, a measure of statistical dispersion being the difference between the 75th and 25th percentiles, or quartiles, in a data set.

Range

The difference between the highest and lowest values in a data set, giving an indication of the data's dispersion or variability.

Median

The middle value in a set of numbers, which separates the higher half from the lower half.