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

question 133

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 replacement cost is $4.50 per unit.What amount would be reported as inventory on the balance sheet?

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

---

Definitions:

Type 1 Diabetes

A chronic condition where the pancreas produces little or no insulin, requiring lifelong insulin therapy for management.

Syndrome of Inappropriate ADH

A condition characterized by excessive release of antidiuretic hormone leading to water retention and hyponatremia (low sodium levels).

Restrict Fluids

A medical recommendation to limit the amount of liquids consumed, often used in conditions where the body is retaining too much fluid.

Hypoparathyroidism

A rare condition where the parathyroid glands produce too little parathyroid hormone, leading to low calcium levels in the blood.