Under the LIFO Cost Flow Assumption,the Cost of This Item

question 83

Multiple Choice

Under the LIFO cost flow assumption,the cost of this item to be included as inventory in the company's year-end balance sheet is:

• A)$36,000.
• B)$42,000.
• C)$36,500.
• D)$37,500.

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Definitions:

Social Anxiety Disorder

An anxiety disorder in which the individual experiences intense fear of public humiliation or rejection and therefore tends to avoid social situations.

Generalized Anxiety

A mental disorder characterized by persistent and excessive worry about a variety of things.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Flaws

Imperfections, mistakes, or weaknesses that may detract from the overall value or functionality of something.