Berring Sales Uses the Average-Cost Method

question 56

Multiple Choice

Berring Sales uses the average-cost method.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 and calculate the Inventory balance at the end of January.(Please round to the nearest whole dollar.)

• A) $135
• B) $249
• C) $141
• D) $228

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Definitions:

Malathion

A chemical compound used as an insecticide, particularly effective against mosquitoes but also posing potential risks to human health and the environment.

Chlorinated Hydrocarbons

A group of chemical compounds that contain chlorine, carbon, and hydrogen, used in industrial applications but known for their environmental persistence and potential toxicity.

Aldrin

A highly toxic substance once used as an insecticide and rodenticide, now banned or restricted in many countries due to its environmental impact.

Dieldrin

A highly toxic, chlorinated, organic compound once widely used as an insecticide and pesticide before being banned due to environmental and health concerns.