[The Following Information Applies to the Questions Displayed Below

question 58

Multiple Choice

[The following information applies to the questions displayed below.]
Castle TV,Inc.purchased 1,000 monitors on January 5 at a per-unit cost of $185,and another 1,000 units on January 31 at a per-unit cost of $230.In the period from February 1 through year-end,the company sold 1,800 units of this product.At year-end,200 units remained in inventory.
-Assume that Castle TV,Inc.uses the LIFO flow assumption.The cost of the 200 units in the year-end inventory is:

• A)$37,000.
• B)$46,000.
• C)$41,500.
• D)$83,000.

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Definitions:

Enlightenment Philosophy

A philosophical movement of the 18th century, emphasizing reason and individualism rather than tradition.

Authority

The power or right to give orders, make decisions, and enforce obedience, often associated with government, law enforcement, or organizational leadership roles.

Colonial Newspapers

Publications created during the colonial period that acted as one of the primary modes of communication, offering news, advertisements, and opinions to settlers.

Revenue

The income that a government, company, or organization receives from its activities, often used to refer to business income from sales.