A Company Purchased 100 Units for $20 Each on January

question 74

Multiple Choice

A company purchased 100 units for $20 each on January 31.It purchased 100 units for $30 on February 28.It sold 150 units for $45 each from March 1 through December 31.If the company uses the First-In,First-Out inventory costing method,what is the amount of ending inventory on December 31?

• A) $1,500
• B) $1,250
• C) $1,000
• D) $2,250

---

Definitions:

Tradeoffs

The compromise or sacrifice of one thing in order to obtain another, often used in discussions of economic policy and individual choices.

Pollution Regulations

Laws and rules designed to control or reduce the pollution released into the environment, protecting public health and ecological balance.

Cleaner Environment

The result of efforts and policies aimed at reducing pollution and conserving natural resources to enhance the quality of the natural environment.

Resources Allocated

The distribution of resources among various uses or sectors in an economy to maximize efficiency and achieve strategic goals.