Grand Forks Enterprises sells toy airplanes to retailers such as ...

[schs14]

Grand Forks Enterprises sells toy airplanes to retailers such as K-Mart and Wal-Mart. Information about inventory is contained in the table below. The company uses a LIFO perpetual inventory system and sells inventory for 5.00 per unit.
 
  Date Number of Units Unit Cost Total Cost
  January 01 Beginning inventory 2,000 2.00 4,000
  January 10 Sale 1,200
  January 15 Purchase 4,000 2.25 9,000
  January 20 Sale 2,500
  January 25 Purchase 5,000 2.40 12,000
  January 30 Sale 6,000
 
  Determine the ending inventory for the period.
  A) 2,925
  B) 2,600
  C) 2,725
  D) 3,120

Question 2

______________________________ documentation provides a description of an application computer program and usually includes the program's purpose, program flowcharts, and source code listings.
 Fill in the blank(s) with correct word

[maya.nigrin17@yahoo.com]

Answer to Question 1

C

Answer to Question 2

Program