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A nurse is admitting a client with diabetic mellitus. The client will be started on a new oral antihyperglycemic drug to manage blood glucose levels. Which information would be critical for the nurse to assess? Note: Credit will be given only if all correct choices and no incorrect choices are selected.
Standard Text: Select all that apply.
Average Cost Method
Uses the weighted average unit cost of the goods available for sale for both cost of goods sold and ending inventory.
Cost of Goods Sold
Direct expenditures involved in producing the merchandise a business sells.
FIFO Cost Flow
An inventory valuation method where the first items purchased are the first ones to be sold, assuming costs rise over time.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to the beginning inventory and subtracting the cost of goods sold.
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