A chiropractor facility sells a custom-blended herbal product to its patients for $20 a bottle. At the end of its fiscal year it has 50 bottles. How should this be entered in the balance sheet?
A. It should not be entered based on the materiality principle.
B. $1,000 of supplies
C. $1,000 of inventory
D. $1,000 of prepaid expenses
Answer: C
Health Professions
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