A Company Purchased 200 Units for $30 Each on January

question 78

Multiple Choice

A company purchased 200 units for $30 each on January 31.It purchased 220 units for $33 each on February 28.It sold a total of 350 units for $45 each from March 1 through December 31.What is the cost of ending inventory on December 31 if the company uses the first-in,first-out (FIFO) inventory costing method? (Assume that the company uses a perpetual inventory system.)

• A) $2,310
• B) $300
• C) $2,100
• D) $1,800

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Definitions:

Flow Sheet

A document used to record and track patient data over time, often used in medical and healthcare settings for monitoring treatment progress.

Private Health Information

Sensitive information about a person's health or healthcare provision that is protected by privacy laws.

SBAR

SBAR stands for Situation, Background, Assessment, and Recommendation, a structured method of communication used in healthcare to facilitate clear and concise information exchange.

Progress Notes

Documentation of a patient's clinical status during a hospital stay or over the course of outpatient care.