Examlex
A client with an infusion pump is to receive an antibiotic in 50 mL of 0.9% NS over 30 minutes. How many mL/hour will the client receive?
Record the answer rounding to the nearest whole number.
Weighted Average Method
An inventory costing method that assigns a cost to inventory items based on the average cost of all similar items in inventory, weighted by the quantities purchased at different prices.
LIFO
An inventory valuation method, "Last In, First Out," where the most recently produced or purchased items are recorded as sold first.
Periodic Inventory System
An inventory system that updates inventory balances and cost of goods sold at the end of an accounting period based on a physical count.
FIFO
An accounting method for valuing inventory that assumes the first items produced or bought are the first ones sold, standing for First In, First Out.
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