Rickman,Inc.reports the Following Information

question 211

Multiple Choice

Rickman,Inc.reports the following information:

There are no beginning inventories.What is the ending balance in Finished Goods Inventory using variable costing?

• A)$9,880
• B)$7,410
• C)$10,640
• D)$15,237

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Definitions:

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.

Mexican War

Also known as the Mexican-American War, fought from 1846 to 1848, which resulted in the United States acquiring territories such as California and New Mexico.