Evans,Inc.had the Following Balances and Transactions During 2017

question 70

Multiple Choice

Evans,Inc.had the following balances and transactions during 2017:

What is the amount of the company's Merchandise Inventory,as disclosed in the December 31,2017 balance sheet,using the periodic LIFO inventory costing method?

• A)$400
• B)$560
• C)$640
• D)$350

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Definitions:

mg/dL

Milligrams per deciliter, a unit of measurement for concentrations of substances in a liquid.

Phagocytosis

The process by which white blood cells defend the body against infection by engulfing invading pathogens.

Morphology

The study of the form and structure of organisms and their specific structural features.

Coagulation

The process by which blood changes from a liquid to a gel, forming a clot, which is crucial in preventing excessive bleeding from injuries.