Karl's Keychain Company Produces Keychains That Sell in Its Stores

question 290

Multiple Choice

Karl's Keychain Company produces keychains that sell in its stores for $1 each. On January 1, 2015, the company had inventory of 10,000 keychains. During 2015, the company produced 900,000 keychains. At the end of the business year on December 31, 2015, the company's inventory of keychains was 8,000. What was the value of Karl's inventory investment in 2015?

• A) $8,000
• B) -$2,000
• C) $18,000
• D) $898,000

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Definitions:

Growth Hormone

A peptide hormone that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

ACTH

Adrenocorticotropic hormone, a pituitary gland-produced peptide that stimulates the production of cortisol by the adrenal glands.

Hypoglycemia

A condition characterized by abnormally low blood sugar levels, which can cause symptoms such as dizziness, sweating, and confusion.

Oversecretion

The production and release of excess amounts of bodily substances, often hormones, compared to normal levels.