Groovelex Inc.reports the following information: 
- There are no beginning inventories.What is the ending balance in finished goods inventory using variable costing?
Definitions:
Medical Care
Professional services provided by doctors, nurses, dentists, and other health professionals to treat or prevent health problems and enhance well-being.
Perfectly Elastic
A situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price, typically represented with a horizontal demand or supply curve.
Relatively Inelastic
A term used to describe a situation where the demand or supply for a good or service is less responsive to changes in price.
Total Revenue
The total income that a company receives from its normal business activities, usually from the sale of goods and services to customers.
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