Williams Company Had the Following Balances and Transactions During 2013

question 26

Multiple Choice

Williams Company had the following balances and transactions during 2013. $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 10 \text { units at } \$ 70 \\\hline \text { June } 10 & \text { Purchased } 20 \text { units at } \$ 80 \\\hline \text { December } 30 & \text { Sold } 15 \text { units } \\\hline \text { December } 31 & \text { Replacement cost } \$ 60 \\\hline\end{array}$$ What would the company's inventory amount be on the December 31,2013 balance sheet if the perpetual FIFO method is used? (Answers are rounded to the nearest dollar.)

• A) $1,200
• B) $900
• C) $1,050
• D) $1,100

---

Definitions:

Eclectic Therapist

A mental health professional who integrates techniques from various therapeutic approaches based on the client's individual needs.

Treatment Strategy

A systematic plan designed to improve health, manage illnesses, or address psychological issues, tailored to an individual’s specific needs.

Therapy

A treatment aimed at relieving or healing disorders, typically involving psychological techniques and interventions.

Painful Truths

Facts or realities that are difficult to accept or cause distress.