Stevens Company Started the Year with an Inventory Cost of $145,000

question 129

Multiple Choice

Stevens Company started the year with an inventory cost of $145,000. During the month of January they purchased inventory that cost of $53,000. January sales totaled $140,000. Estimated gross profit is 35%. The estimated ending inventory as of January 31 is

• A) $58,000
• B) $91,000
• C) $107,000
• D) $69,300

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Definitions:

Specific Phobia

An intense, irrational fear of or aversion to a particular object or situation that poses little to no actual danger but leads to significant avoidance or distress.

Repetitive Behavior

actions that are performed again and again, often without a clear end or goal, which can be a characteristic of certain neurological or developmental disorders.

Learned Associations

Connections developed between stimuli and responses through experience, leading to conditioned reflexes or behaviors.

Hoarding Disorder

A persistent difficulty discarding or parting with possessions, regardless of their actual value, leading to clutter and disruption in living spaces.