A Company Purchased 100 Units for $20 Each on January

question 74

Multiple Choice

A company purchased 100 units for $20 each on January 31.It purchased 100 units for $30 on February 28.It sold 150 units for $45 each from March 1 through December 31.If the company uses the First-In,First-Out inventory costing method,what is the amount of ending inventory on December 31?

• A) $1,500
• B) $1,250
• C) $1,000
• D) $2,250

---

Definitions:

Cultural Blindness

The inability or refusal to recognize the differences in cultures or beliefs of others.

Dominant Culture

The prevailing cultural practices, beliefs, and values in a given society that exert influence over its members.

Nutritional Concern

Issues or considerations related to the adequacy, quality, and safety of food and nutrient intake.

Older Adults

Individuals typically aged 65 years and older, often experiencing unique health and social challenges.