[The Following Information Applies to the Questions Displayed Below

question 147

Multiple Choice

[The following information applies to the questions displayed below.]
200 At the end of last year,Games-2-Use had merchandise costing $140,000 in inventory.During January of the current year,the company purchased merchandise costing $102,000,and sold merchandise that it had purchased at a total cost of $84,000.Games-2-Use uses a perpetual inventory system.
-The total amount debited to the Inventory account during January was:

• A)$0.
• B)$84,000.
• C)$102,000.
• D)$140,000.

---

Definitions:

Foundation Competencies

Basic essential skills or abilities that are fundamental for performing a job or task effectively.

Diagnosis

The identification of the nature of an illness or other problem by examination of the symptoms.

Key KSAs

Essential knowledge, skills, and abilities required for effectively performing tasks or roles within a particular job or field.

Mutual Accountability

The shared responsibility among members of a group or team to achieve collective goals and uphold standards of performance.