Snug-As-A-Bug Blankets Has the Following Inventory Data Assuming That a Perpetual Inventory System Is Used, What Is

question 40

Multiple Choice

Snug-As-A-Bug Blankets has the following inventory data: $$\begin{array} { r l c } \text { July } 1 & \text { Beginning inventory } & 30 \text { units at } \$ 60 \\5 & \text { Purchases } & 180 \text { units at } \$ 56 \\14 & \text { Sale } & 120 \text { units } \\21 & \text { Purchases } & 90 \text { units at } \$ 58 \\30 & \text { Sale } & 84 \text { units }\end{array}$$ Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July?

• A)$5,500
• B)$5,568
• C)$4,812
• D)$5,544

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Definitions:

WLAN

Wireless Local Area Network, a networking technology that allows devices to connect and communicate wirelessly within a limited area such as a home, school, computer laboratory, or office building.

SSID

Service Set Identifier, a unique name given to a wireless network, allowing devices to connect to the intended network among multiple overlapping networks.

Ping Command

A diagnostic utility in networking that tests the reachability of a host on an Internet Protocol (IP) network and measures the round-trip time for messages sent from the original host.

IEEE 802.11n

A wireless networking standard that improves network throughput over the two previous standards—802.11a and 802.11g.