Inventory information for Great Falls Merchandising, Inc. is ...

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Inventory information for Great Falls Merchandising, Inc. is provided below. Sales for the period were 2,800 units for 8 each. The company uses a LIFO periodic inventory system.
 
  Date Number of Units Unit Cost Total Cost
  January 1 Beginning inventory 1,000 3.00 3,000
  January Purchase 600 3.50 2,100
  February Purchase 800 4.00 3,200
  March Purchase 1,200 4.25 5,100
   Totals 3,600 13,400
 
  Determine the ending inventory at March 31.
  A) 3,400
  B) 2,400
  C) 10,200
  D) 800

Question 2

Periodic cleaning, testing, and adjusting of computer equipment is referred to as ___________________ ___________.
 Fill in the blank(s) with correct word

[durant1234]

Answer to Question 1

B

Answer to Question 2

preventive maintenance