Snug-As-A-Bug Blankets has the following inventory data: 
Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average-cost method for July?
Definitions:
Cognition
The cognitive process of gaining awareness and comprehension via thinking, experiencing, and sensory perception.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Preconceptions
Ideas or opinions formed before having evidence for their truth or usefulness.
Likelihood
A statistical term that measures the probability of a particular outcome given a set of conditions or parameters.
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