Berring Sales Uses LIFO

question 130

Multiple Choice

Berring Sales uses LIFO.The partially completed inventory record for January appears below. On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record through the January 14 sale,and calculate the Inventory balance after the January 14 sale.(Please round to the nearest whole dollar.)

• A) $380
• B) $330
• C) $230
• D) $228

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Definitions:

Homeostasis

The process by which biological systems maintain stability and equilibrium within their internal environment despite changes in their external environment.

Biological Conditions

Physical states that affect the function and behavior of organisms, often relating to health and disease states.

Drive Reduction Theory

A motivational theory that argues the primary goal of all behavior is the reduction of drives, which are basic bodily needs.

Motivation

The method that starts, steers, and sustains behaviors aimed at achieving goals.