2. Inventory Jeopardy

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4. Mount Union High School students’ favorite menu item for lunch.

5. What are Strombolis?

6. Goods given to a business to be sold, but title remains with vendor.

7. What is Consignment?

8. DAILY DOUBLE

9. Estimating inventory using both cost and retail prices.

10. What is the Retail Method of Estimating Inventory?

11. Using the price of merchandise purchased first to determine Cost of Merchandise Sold.

12. What is the FIFO method?

13. The #1 Box Office hit movie for the 6th week in a row

14. What is Avatar?

15. The business that receives goods on consignment.

16. Who is the Consignee?

17. Using the price of merchandise purchased last to determine Cost of Merchandise Sold.

18. What is the LIFO method?

19. The number of times the average amount of inventory is sold during a fiscal period.

20. What is the Merchandise Inventory Turnover Ratio?

21. The graduation date for the Class of 2010 at Mount Union High School.

22. What is June 9th?

23. The business that gives goods on consignment.

24. What is the Consignor?

25. Using the average cost of merchandise available for sale to determine the cost of merchandise sold.

26. What is the Weighted-Average Method?

27. The period of time needed to sell an average amount of inventory.

28. What is the Average Number of Days’ Sales in Merchandise Inventory?

29. The 2009-10 NCAA Division I football Champions

30. Who is the Alabama Crimson Tide?

31. A form used to show type of merchandise, quantity purchased, quantity sold, and balance on hand.

32. What is a Stock Record?

33. Using the lower of cost or market price to determine the cost of ending inventory.

34. What is the Lower of Cost or Market Method?

35. A file of stock records for all merchandise on hand.

36. What is a Stock Ledger?

37. DAILY DOUBLE

38. A form authorizing a seller to deliver goods with payment to be made later.

39. What is a Purchase Order?

40. A form used during a periodic inventory for each inventory item.

41. What is an Inventory Record?

42. The American Idol judge leaving the show after this season.

43. Who is Simon Cowell?

44. Beginning merchandise inventory plus net purchases.

45. How do you determine Cost of Merchandise Available for Sale?