Use This Information to Answer the Following Question

question 72

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:

Efficient Market

A market in which asset prices fully reflect all available information.

Profit Opportunities

Situations or circumstances where businesses can generate earnings that are above the normal expected returns.

Opportunity Costs

The value of the next best alternative that is foregone when a particular decision is made.

Opportunity Cost

The bypass of potential advantages from different routes when a specific option is taken.