Apple-A-Day Company Has the Following Inventory Data A Physical Count of Merchandise Inventory on July 30 Reveals

question 100

Multiple Choice

Apple-A-Day Company has the following inventory data: $$\begin{array} { r l r r } \text { July } 1 & \text { Beginning inventory } & 40 \text { units at } \$ 20 & \$ 800 \\7 & \text { Purchases } & 140 \text { units at } \$ 21 & 2,940 \\22 & \text { Purchases } & 20 \text { units at } \$ 22 & { 440 }\\&&& { \$ 4,180 }\end{array}$$ A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is

• A)$3,170.
• B)$3,080.
• C)$3,110.
• D)$3,010.

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Definitions:

Extraversion-introversion

A dimension of personality that refers to the tendency to be outgoing and energized by social interactions (extraversion) or to be solitary and energized by quiet reflection (introversion).

British Psychologists

Psychologists from the United Kingdom who contribute to the study and practice of psychology.

Behavior Tendencies

Natural predispositions or inclinations to act or react in certain ways under given circumstances.

Trait Theorists

Psychologists who focus on identifying and measuring the stable characteristics that make up an individual's personality.