Use the Following Information for Questions

question 108

Multiple Choice

Use the following information for questions
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each.During the period,the company purchased inventory items as follows
Glasgow sold 220 units after purchase 3 for $17.00 each.

-Glasgow's ending inventory under LIFO would be:

• A)$2,730.
• B)$2,460.
• C)$2,220.
• D)$1,950.

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Definitions:

Channel

The medium through which a message is sent.

Noise

Unwanted or distracting sounds, but in communication theory, it also refers to any interference that distorts or hinders the transmission of a message.

Compromise

An agreement or a settlement of a dispute reached by each side making concessions.

Transmit

The act of sending or conveying information, signals, or data from one person, device, or place to another.