Twenty Units of Inventory on Hand at the End of the Year

question 116

Multiple Choice

Twenty units of inventory on hand at the end of the year are recorded at their cost of $5.00 per unit using FIFO. Current net realisable value is $4.50 per unit. What amount would be reported as inventory on the balance sheet?

• A)$100.00
• B)$4.50
• C)$90.00
• D)$5.00

Analyze and evaluate sentence structures for effective communication.

Recognize the logical relationships between ideas as expressed through conjunctions and conjunctive adverbs.

Understand the function and proper use of coordinating and subordinating conjunctions in sentence construction.

Recognize and apply correct punctuation in complex sentences involving coordinating and subordinating conjunctions.

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Definitions:

Archaeology

The study of human cultures through the recovery and analysis of material remains and environmental data.

Material Remains

Material remains are the physical evidence of past human activities, often studied in archaeology, including artifacts, structures, and other tangible cultural items.

Environmental Data

Information and statistics about the natural world, including climate patterns, pollution levels, and biodiversity.

Human Languages

encompass the vast array of systems of communication, including spoken, signed, and written forms, that humans use to convey thoughts, feelings, and information.