A Company Has Inventory of 15 Units at a Cost

question 105

Multiple Choice

A company has inventory of 15 units at a cost of $12 each on August 1. On August 5, they purchased 10 units at $13 per unit. On August 12, they purchased 20 units at $14 per unit. On August 15, they sold 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at August 15 after the sale?

• A)$140
• B)$160
• C)$210
• D)$380
• E)$590

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Definitions:

Nurse Reassess

The process where a nurse evaluates a patient's condition again to determine if the current care plan remains appropriate.

Isolation Precautions

Methods used in healthcare settings to prevent the spread of infectious agents from one person to another.

Morning Rounds

A daily routine in hospitals where medical staff visit each patient to review their condition, plan the day's treatment, and make adjustments to care.

Patient's Room

A designated space in a healthcare facility where a patient is placed to receive care and treatment.