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:

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A British economist whose theories on government intervention in economies (Keynesian economics) have had a profound influence on modern economic and political theory.

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