Use This Inventory Information for the Month of March to Answer

question 53

Multiple Choice

Use this inventory information for the month of March to answer the following question. Assuming that a periodic inventory system is used,what is ending inventory (rounded) under the average-cost method?

• A)$2,079
• B)$2,685
• C)$3,861
• D)$5,940

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Definitions:

UCC Section

A part of the Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Defective Design

A flaw in the intended design of a product that makes it unsafe or unfit for its intended use.

SUV Model

A term used to describe a category of motor vehicles that combines elements of road-going passenger cars with features from off-road vehicles, like raised ground clearance or four-wheel drive.

Parking Space

A designated area or spot for parking vehicles, often marked in public and private lots or along street sides.