A hospital emergency room serves several patients from a ten-car pile-up on the local interstate. Most of the victims require bandages, antibiotics, foot and arm casts, topical ointments, and pain pills. These items are part of the costs of good sold for the hospital emergency room.

Question

Quizplus · Accepted Answer

The items mentioned such as bandages, antibiotics, foot and arm casts, topical ointments, and pain pills are physical goods that are being used by the hospital to treat their patients, and are therefore included in the costs of goods sold.

A Hospital Emergency Room Serves Several Patients from a Ten-Car