Berring Sales Uses FIFO

question 102

Multiple Choice

Berring Sales uses FIFO.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 sale on January 14.(Please round to the nearest whole dollar.)

• A) $230
• B) $228
• C) $330
• D) $216

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Definitions:

Effector

An organ or cell that acts in response to a stimulus, often involved in muscle contraction or gland secretion.

Reproductive System

A system of sex organs within an organism which work together for the purpose of sexual reproduction.

Superficial

Located near the surface of the body or an organ, as opposed to deep or internal structures.