Use This Information to Answer the Following Question

question 157

Multiple Choice

Use this information to answer the following question. A periodic inventory system is used.
Using FIFO,the cost assigned to ending inventory is

• A)$8,112.
• B)$2,664.
• C)$3,480.
• D)$8,928.

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Definitions:

Pilferage Policy

A set of guidelines and measures implemented by an organization to prevent or reduce the theft of its goods or property.

Accurate Information

Data or details that are precise, correct, and free of errors, serving as a reliable basis for decision-making.

Procedural Justice

The fairness and transparency in the processes that lead to outcomes or decisions, influencing perceptions of fairness in organizational and legal settings.

Distributive Justice

The perceived fairness in the allocation of resources or rewards within an organization or society.