Lorillard Corporation Has the Following Information for April, May, and June

question 122

Multiple Choice

Lorillard Corporation has the following information for April, May, and June 2014: There were no beginning inventories for April 2014, and all units were sold for $50. Costs are stable over the three months.
What is the April ending inventory for Lorillard Corporation using the variable costing method?

• A) $312,500
• B) $187,500
• C) $121,875
• D) $140,000

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Definitions:

Selling Style

The approach or method a salesperson uses to engage and persuade potential customers to make a purchase.

Clear Instructions

Directives that are easy to understand and follow, without ambiguity.

Supervises Closely

Refers to a management approach where a supervisor monitors their subordinates' work very closely.

Vroom-Jago Leadership Model

A decision-making framework that suggests leadership effectiveness is a function of the leader's ability to assess the importance of participation and the distribution of power in decision-making processes.