A Company Had the Following Purchases During the Current Year

question 189

Multiple Choice

A company had the following purchases during the current year: On December 31, there were 26 units remaining in ending inventory. These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?

• A) $3,500.
• B) $3,800.
• C) $3,960.
• D) $3,280.
• E) $3,640.

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Definitions:

Confidentiality

The ethical principle or legal right that a physician or other healthcare professional will hold secret all information relating to a patient unless the patient gives consent permitting disclosure.

Chief Complaint

The primary symptom or concern that leads a patient to seek medical attention or care.

Present Illness

A comprehensive account focusing on the current illness or medical condition affecting a patient, detailing the onset, progression, and symptoms.

Past History

A record of an individual's past medical conditions, surgeries, treatments, and responses, important for informing current healthcare decisions.