The lowest of the three organizational levels is the _______ level.

A company purchased 400 units for $30 each on January 31. It purchased 95 units for $40 each on February 28. It sold 150 units for $55 each from March 1 through December 31

If the company uses the last-in, first-out inventory costing method, what is the amount of Cost of Goods Sold on the income statement for the year ending December 31? (Assume that the company uses a perpetual inventory system.) A) $5,450 B) $3,800 C) $12,000 D) $15,800

________ is a means of protecting your assets and income

Fill in the blank(s) with the appropriate word(s).