Iris Company Has Provided the Following Information Regarding Two of Its

question 46

Multiple Choice

Iris Company has provided the following information regarding two of its items of inventory at year-end: • There are 100 units of Item A,having a cost of $20 per unit,a selling price of $24 and a cost to sell of $6 per unit.
• There are 50 units of Item B,having a cost of $50 per unit,a selling price of $56 and a cost to sell of $4 per unit.
How much is the ending inventory using lower of cost or net realizable value?

• A)$4,100.
• B)$4,300.
• C)$4,400.
• D)$4,500.

---

Definitions:

Basket-Hold

A restraint technique used to safely manage a client's aggressive or self-harm behavior by holding their arms crossed in front of the chest and maintaining this posture to minimize harm.

Rationalization

A defense mechanism where one justifies or excuses behaviors or attitudes with seemingly logical reasons, even if these are not the true reasons.

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act.

Environmental Stimuli

External factors or changes in the environment that can elicit a response from organisms.