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.

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Definitions:

Effective Communication

The intended meaning of the source and the perceived meaning of the receiver are identical.

Efficient Communication

The ability to convey information and ideas effectively and clearly with minimal waste of time and resources.

Filtering

The intentional distortion of information to make it appear more favourable to the recipient.

Status Effects

The impacts or consequences that arise from an individual's social, professional, or other status within a group or society.