Williams Company Had the Following Balances and Transactions During 2013

question 135

Multiple Choice

Williams Company had the following balances and transactions during 2013. 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

---

Definitions:

Cognitive Attention

The mental process of concentrating focus on specific stimuli, while excluding other perceivable information.

Perceptual System

The complex network of sensory organs and brain structures that enables an organism to perceive and interpret environmental stimuli.

Ambiguous Figures

Images or objects that can be perceived in more than one way and are often used in psychological tests to study perception.

Error Interpretation

The process of understanding and analyzing mistakes or inaccuracies, whether in data, actions, thoughts, or speech.