Roadside Company Had the Following Balances and Transactions During 2018

question 165

Multiple Choice

Roadside Company had the following balances and transactions during 2018: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 30 \text { units at } \$ 74 \\\hline \text { March 10 } & \text { Sold } 28 \text { units } \\\hline \text { June 10 } & \text { Purchased } 60 \text { units at } \$ 84 \\\hline \text { October 30 } & \text { Sold 54 units } \\\hline\end{array}$$ What is the amount of the company's ending Merchandise Inventory,as disclosed in the December 31,2018 balance sheet,using the periodic LIFO inventory costing method?

• A) $504
• B) $592
• C) $672
• D) $444

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Definitions:

Human Agency

The capacity for human beings to make choices and to impose those choices on the world, influencing outcomes in their lives.

Self-regard

An individual's perception, evaluation, and appreciation of oneself.

Intrinsic Motivation

The drive to engage in activities for their own sake, due to the inherent satisfaction or fulfillment derived from the activity itself, rather than for some external reward.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic factors like personal satisfaction or enjoyment of the task itself.