The Following Units of an Inventory Item Were Available for Sale

question 46

Multiple Choice

The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The value of ending inventory using FIFO is:

• A) $1,250
• B) $1,350
• C) $1,375
• D) $1,150

---

Definitions:

Unified Protocol

A cognitive-behavioral therapy approach that is transdiagnostic, focusing on a range of emotional disorders.

Psychopathology

The examination of psychological disorders, which encompasses their manifestations, origins, and remedies.

Multiple Disorders

The co-occurrence of two or more disorders or illnesses in the same individual, often complicating diagnosis and treatment.

Unified Protocol

A type of cognitive-behavioral therapy that's transdiagnostic, designed to treat a range of emotional disorders by targeting common underlying factors.