Berring Sales Uses FIFO

question 19

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 and calculate the Ending inventory balance at the end of January. (Please round to the nearest whole dollar.)

• A)$128
• B)$135
• C)$112
• D)$388

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Definitions:

Gustatory Nerve

Nerves that transmit taste information from the taste buds to the brain.

Vagus Nerve

The tenth cranial nerve, which is involved in controlling heart rate, gastrointestinal peristalsis, sweating, and muscle movements in the voice box.

Olfaction

The sense of smell, which is the detection of odors through sensory organs in the nose.

Gustation

The sense of taste, which is one of the five traditional senses and involves the detection of flavors by taste buds on the tongue.