Use This Information to Answer the Following Question

question 71

Multiple Choice

Use this information to answer the following question.
A periodic inventory system is used.
-Using the average-cost method,the cost assigned to ending inventory is

• A)$3,036.
• B)$3,168.
• C)$3,384.
• D)$8,556.

---

Definitions:

Fixed Costs

Business expenses that remain constant regardless of the level of goods or services produced.

Unit Variable Cost

The financial outlay linked to the creation of one more unit of a product.

Break Even

The point at which total costs and total revenue are equal, meaning that a business or investment is neither making a profit nor a loss.

Fixed Costs

Fixed costs are business expenses that do not change regardless of the level of goods or services produced, such as rent, salaries, and insurance premiums.