Data Related to the Inventories of Costco Medical Supply Are

question 122

Multiple Choice

Data related to the inventories of Costco Medical Supply are presented below: $$\begin{array} { l c c c r } & \text { Surgical } & \text { Surgical } & \text { Rehab } & \text { Rehab } \\& \text { Equiprnent } & \text { Supplies } & \text { Equipment } & \text { Supplies } \\\text { Selling price } & \$ 260 & \$ 100 & \$ 340 & \$ 165 \\\text { Cost } & 170 & 90 & 250 & 162 \\\text { Costs to sell } & 30 & 15 & 25 & 10\end{array}$$
- In applying the lower of cost or net realizable value rule, the inventory of surgical supplies would be valued at:

• A) $100.
• B) $90.
• C) $85.
• D) $75.

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Definitions:

Vertebra Prominens

The seventh cervical vertebra (C7) characterized by its long and prominent spinous process.

Hyoid Bone

A U-shaped bone in the neck that supports the tongue and provides attachment points for muscles associated with swallowing and speech.

Occipital Ridge

A ridge on the external surface of the occipital bone of the skull, important for muscle attachment and structural integrity.

Deltoid

A triangular muscle of the shoulder that is responsible for lifting the arm and giving the shoulder its range of motion.