Olympus Climbers Company Has the Following Inventory Data A Physical Count of Merchandise Inventory on July 30 Reveals

question 14

Multiple Choice

Olympus Climbers Company has the following inventory data: $$\begin{array} { r l l r } \text { July } 1 & \text { Beginning inventory } & 30 \text { units at } \$ 19 & \$ 570 \\7 & \text { Purchases } & 105 \text { units at } \$ 20 & 2,100 \\22 & \text { Purchases } & 15 \text { units at } \$ 22 & { 330 }\\&&&{ \$ 3,000 }\end{array}$$ A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is

• A)$930.
• B)$990.
• C)$2,010.
• D)$2,070.

Acknowledge the role of diversity in enhancing organizational creativity and problem-solving.

Learn about the theoretical and practical aspects of creativity processes, including stages such as preparation, incubation, and illumination.

Understand the concept and importance of lateral thinking in generating new ideas and problem-solving.

Identify and distinguish between the different rules and processes of brainstorming and their significance in creativity.