One Hundred Units of Inventory on Hand at the End

question 56

Multiple Choice

One hundred units of inventory on hand at the end of the year are recorded at their cost of $10 each using LIFO. Current net realisable value is $8.00. What amount would be reported as Inventory on the balance sheet?

• A)$8.00
• B)$800.00
• C)$1 000.00
• D)$10.00

---

Definitions:

Areas of Flexion

Specific regions on the body where bending occurs, enabling movements such as bending the elbows, knees, or fingers.

Peripheral IV Access

The most common method for intravenous therapy, involving the insertion of a small catheter into a peripheral vein for the administration of medications or fluids.

IV Site Dressing

An IV site dressing is a sterile covering applied over the area where an intravenous line enters a patient's body to prevent infection and secure the line.

Sterile Gauze

A piece of fabric, free from bacteria or other living microorganisms, used for dressing wounds and preventing infection.