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

question 58

Multiple Choice

Orange-Aide 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 average cost method, the value of ending inventory is

• A)$1,070
• B)$1,045 c $1,050
• D $1,100

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Definitions:

Athletic Shoes

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Classical Sociological Thinkers

Refers to early theorists in sociology, including Karl Marx, Max Weber, and Émile Durkheim, whose works laid the foundational concepts and perspectives in the field of sociology.

Marx

Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary, best known for his theories about capitalism and communism.