Use the Following Information for the Following Questions

question 53

Multiple Choice

Use the following information for the following questions:
Transactions for Durham Ltd. for the month of June were:

-The ending inventory on a weighted average cost basis, rounded to the nearest dollar, is

• A) $1,956.
• B) $1,970.
• C) $1,980.
• D) $1,995.

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Definitions:

Ordinary Maintenance

Routine or regular upkeep necessary to maintain the condition or functionality of property or equipment.

Personal Liability

Refers to an individual's legal responsibility for debts or actions, potentially affecting their personal assets.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Employer Liability

The legal responsibility of employers for the actions of their employees and for ensuring a safe workplace.