What Is the Amount of the Inventory at the End

question 54

Multiple Choice

What is the amount of the inventory at the end of the year rounded to nearest dollar using the average cost method?

• A) $1,685
• B) $1,575
• C) $1,805
• D) $3,705

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Definitions:

Upside-Down Pyramid

A view of organizations that shows customers at the top being served by workers who are supported by managers.

Customers

Individuals or organizations that purchase goods or services from a business or seller.

Top Managers

The highest echelon of leaders within an organization, responsible for strategic decision-making and overall direction of the company.

Executive Team

A group of high-ranking officers within a company, responsible for strategic decision-making and management.