Use the Following Information to Answer Questions
Handel Inc

question 38

Multiple Choice

Use the following information to answer questions
Handel Inc.values its inventory on an LCM basis.The following data came from the 2011 inventory, which consisted of two items: $\begin{array}{lrr}&\text { Item \# 130}&\text { Item \# 140 }\\\hline\text { Original cost } & \$ 12,000 & \$ 15,000 \\\text { Selling price } & 15,000 & 26,000 \\\text { Estimated selling costs } & 5,000 & 10,000 \\\text { Replacement cost } & 13,000 & 15,000 \\\text { Normal profit margin } & 1,500 & 1,000\end{array}$
-The appropriate carrying value for the entire inventory when applying the LCM rule using net realizable value to the inventory as a whole would be:

• A)$25,000
• B)$26,000
• C)$27,000
• D)$28,000

Organize information in business documents to prioritize audience's needs and build goodwill.

Recognize and avoid the use of double negatives and understand their impact on message clarity.

Understand the physical and cognitive development stages of school-age children.

Recognize the concept of seriation and its significance in cognitive development.

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Definitions:

Seriation

The concrete operation that involves ordering stimuli along a quantitative dimension (such as length).

Horizontal Décalage

The observation that within Piaget’s stages of cognitive development, some abilities do not appear simultaneously but develop sequentially over time.

Personal Fable

A concept in adolescent development where an individual believes that their thoughts, feelings, and experiences are unique and not understood by others.

Hypothetical-Deductive Reasoning

Piaget’s formal operational concept that adolescents have the cognitive ability to develop hypotheses about ways to solve problems and can systematically deduce which is the best path to follow in solving the problem.