Berring Sales Uses FIFO

question 9

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

---

Definitions:

Abusive Behavior

Actions that intentionally harm or create a risk of harm to another person, whether physically, emotionally, or mentally.

Stocks

Shares of ownership in a company that represent a claim on part of the company's assets and earnings.

Insiders

Individuals such as directors, senior officers, or any person with access to confidential information about a company, which can influence their decisions on buying or selling the company’s stocks.