Rodriguez Inc

question 16

Multiple Choice

Rodriguez Inc.had the following balances and transactions during 2015: What would the Ending Merchandise Inventory amount be as reported on the balance sheet at December 31,2015 if the perpetual first-in,first-out costing method is used?

• A)$4,000
• B)$16,400
• C)$8,200
• D)$8,000

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Definitions:

Virtual Memory

The space on the hard drive where the operating system stores data if there isn’t enough random access memory to hold all of the programs you’re currently trying to run.

Physical Memory

The amount of random access memory (RAM) that’s installed in a computer.

Video Memory

Random access memory that’s included as part of a video card.

Random Access Memory

A type of computer memory that allows data to be read and written in any order, significantly speeding up the computing process.