Use This Information to Answer the Following Question

question 104

Multiple Choice

Use this information to answer the following question. A periodic inventory system is used; ending inventory is 150 units.
What is ending inventory under the average-cost method?

• A) $900
• B) $1,050
• C) $1,350
• D) $1,200

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Definitions:

Aqueous Solution

A solution in which the solvent is water.

Electrophoresis

A laboratory technique used to separate macromolecules like DNA or protein based on their size and charge.

Cathode

The electrode in a battery or electrolytic cell where reduction occurs; it attracts cations.

Anode

The electrode in an electrochemical cell at which oxidation occurs, electrons are released, and positive current flows into the device from the external circuit.