Best Deals Has Six CD Players in Ending Merchandise Inventory

question 55

Multiple Choice

Best Deals has six CD players in ending merchandise inventory on December 31. The players were purchased in November for $170. The price lists from suppliers indicate the current replacement cost of a CD player to be $168. Which of the following statements is true of the effects of the adjustments to ending merchandise inventory on the cost of goods sold?

• A)The cost of goods sold would increase by $2.
• B)The cost of goods sold would not be affected.
• C)The cost of goods sold would decrease by $12.
• D)The cost of goods sold would increase by $12.

Recognize the importance of adaptability and flexibility in personal and professional growth.

Understand the significance of setting realistic and specific goals for personal improvement.

Acknowledge the impact of habits on personal performance and the process of habit formation.

Recognize the importance of overcoming resistance to change for personal development.

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Definitions:

Tear Glands

Glands located around the eye that produce tears, which are necessary for lubricating the eyes and providing protection against irritants.

Rectal Temperatures

Body temperature measurements taken from the rectum, which are considered to be very accurate for assessing a person's core body temperature.

Rectal Mucosa

The lining of the rectum, which is sensitive to damage, disease, and the absorption of medications.

Meconium Stool

The first stool passed by a newborn, composed of materials ingested during the time in the uterus, including mucus, skin cells, and amniotic fluid.