Williams Company Had the Following Balances and Transactions During 2013

question 30

Multiple Choice

Williams Company had the following balances and transactions during 2013. $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 10 \text { units at } \$ 70 \\\hline \text { June } 10 & \text { Purchased } 20 \text { units at } \$ 80 \\\hline \text { December } 30 & \text { Sold } 15 \text { units } \\\hline \text { December } 31 & \text { Replacement cost } \$ 78 \\\hline\end{array}$$ What would the company's inventory amount be on the December 31,2013 balance sheet if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

• A) $1,200
• B) $1,150
• C) $1,050
• D) $900

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Definitions:

Role Conflict Handling

Strategies and techniques used to address and resolve discrepancies between expectations and reality in job roles.

Assertiveness

The quality of being self-assured and confident without being aggressive, enabling one to express their rights and needs openly.

Cooperativeness

A behavior or strategy emphasizing working together towards common goals or benefits, often seen as a willingness to be helpful or work in harmony with others.

Forcing Conflict-Management

A strategy where one party goes to lengths to win a conflict at the expense of the other.