The Following Lots of a Commodity P Were Available for Sale

question 92

Multiple Choice

The following lots of a Commodity P were available for sale during the year. Use this information to answer the questions that follow.
​
​
The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year.
-What is the year-end inventory balance using the average cost method? Use the information provided in the table to answer this question

• A) $1,380
• B) $1,375
• C) $1,510
• D) $1,250

---

Definitions:

African Americans

A racial or ethnic group in the United States with ancestors from Sub-Saharan Africa.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, and recovery from illness, injury, and other physical and mental impairments.

Quality Measures

Standards and guidelines used to assess the efficiency, effectiveness, and satisfaction within healthcare services.

Health Literacy

The degree to which individuals have the capacity to obtain, process, and understand basic health information and services needed to make appropriate health decisions.