Karl's Keychain Company Produces Keychains That Sell for $1 Each

question 218

Multiple Choice

Karl's Keychain Company produces keychains that sell for $1 each. On January 1, 2015, the company had inventory of 8,000 keychains. During 2015, the company sold 900,000 keychains. At the end of the business year on December 31, 2015, the company's inventory of keychains was 9,000. What was the value of Karl's total production and inventory investment in 2015?

• A) production = $901,000; inventory investment = $1,000
• B) production = $900,000; inventory investment = $9,000
• C) production =$899,000; inventory investment = $1,000
• D) production = $891,000; inventory investment = $17,000

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Definitions:

Excretory Urography

A radiographic examination of the urinary tract after the injection of a contrast medium, to assess renal function and structure.

Urinary System

A group of organs in the body responsible for filtering blood to produce urine and expel waste products.

Diagnostic Procedure

A method or steps taken by healthcare professionals to determine the nature or cause of a medical condition.

Contrast Medium

A substance used in medical imaging to enhance the contrast of structures or fluids within the body, aiding in clearer diagnosis.