Data Related to the Inventories of Costco Medical Supply Are

question 77

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 rehab equipment would be valued at:

• A) $315.
• B) $340.
• C) $225.
• D) $250.

---

Definitions:

Primacy

An order of presentation effect in which earlier presented information has a disproportionate influence on social cognition.

Prototypes

Original models or early drafts used to test a concept or process, serving as a benchmark for future designs.

Organisational Psychology

The scientific study of human behavior in organizational settings, focusing on workplace dynamics and improving employee wellbeing.

Prototypes

Refers to the original or primary model on which something is based or formed, often used as a standard or archetype.