A Company That Uses the Periodic Inventory Method Provides the Following

question 13

Multiple Choice

A company that uses the periodic inventory method provides the following information: At the end of the period, the company does an inventory count and finds $9,000 of inventory on hand.
How much is the Cost of goods sold?

• A)$98,000
• B)$72,000
• C)$80,000
• D)$90,000

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Definitions:

Phoneme

The smallest unit of sound in a language that can distinguish one word from another, such as the difference between the sounds /p/ and /b/.

Particular Sound

refers to a specific auditory stimulus or noise that is distinct or unique in its characteristics.

Cochlear Implant

A device that transforms sounds into electric pulses that directly stimulate the auditory nerve, bypassing the malfunctioning inner ear that ordinarily processes sound.

Auditory Nerve

A cranial nerve that transmits sound information from the cochlea in the inner ear to the brain.