Use This Information to Answer the Following Question

question 4

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.

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Definitions:

Retail Outlets

Physical or online stores where goods are sold directly to consumers.

Automated Stores

Retail outlets that operate automatically without the need for human staff, relying on technology like vending machines and kiosks for customer transactions.

Retail Life Cycle

The process of evolution that retail outlets go through, mirroring the stages of the product life cycle, including introduction, growth, maturity, and decline stages.

Early Growth

The phase in a company or economy's development characterized by rapid expansion and an increase in market share.