Toyland's Inventory Records Show the Following Data at January 31

question 47

Multiple Choice

Toyland's inventory records show the following data at January 31: At January 31, 210 units are still on hand. What is the value of the ending inventory at January 31 if Toyland uses the FIFO method?

• A) $1,680
• B) $2,500
• C) $2,210
• D) $3,000

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Definitions:

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to work without remuneration.

Dred Scott Decision

An 1857 U.S. Supreme Court ruling that African Americans, whether enslaved or free, could not be American citizens and therefore had no standing to sue in federal court.

Moderate Republicans

Members of the Republican Party in the United States who hold centrist views, advocating for policies that are not too conservative or liberal.

Ostend Manifesto

A document from 1854 in which American diplomats in Europe suggested that the U.S. should attempt to purchase Cuba from Spain or justify war if Spain refused, to expand slavery.