All of the Information Required in the Computation of Cost

question 43

Multiple Choice

All of the information required in the computation of cost of goods sold is presented below, except for purchases, which must be what amount? $\begin{array}{lc}\text { Purchase discounts } & \$ 200 \\\text { Inventory, December } 31 & 1,500 \\\text { Cost of goods sold } & 9,500 \\\text { Purchases } & ? \\\text { Inventory, January 1 } & 1,500 \\\text { Freight-in } & 500\end{array}$

• A)$ 9, 800
• B)$10, 200
• C)$ 8, 700
• D)$ 9, 200

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Definitions:

Health Care Associated

Refers to infections or conditions that patients acquire while receiving treatment for other conditions within a healthcare setting.

Newborn Infants

Babies in the first weeks of life, typically considered to be from birth to one month of age.

Middle Aged

Pertaining to the period in human life that typically ranges from about 45 to 65 years of age.

Hepatitis A

A highly contagious viral infection of the liver caused by the hepatitis A virus, typically transmitted through ingestion of contaminated food or water.