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:
Price Level
A measure that reflects the average prices of goods and services in an economy at a given time.
Nominal GDP
The market value of all final goods and services produced in a country in a given period, measured in current prices.
GDP Deflator
An index measuring the change in prices of all new, domestically produced goods and services in an economy.
Real Output
The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity rather than nominal figures.
Q56: The statements of financial position of Rocky
Q82: To record estimated uncollectible accounts using the
Q121: Trade receivables can be an account receivable
Q177: It is unlikely that a company would
Q217: How do these principles apply to cash
Q220: From an internal control standpoint, the asset
Q243: Mary Richardo, CPA, has billed her clients
Q276: If a business has received cash in
Q279: The trial balance for Greenway Corporation appears
Q299: The expense recognition principle states that expenses