Noise Makers Inc A Physical Count of Merchandise Inventory on July 31 Reveals

question 25

Multiple Choice

Noise Makers Inc.has the following inventory data: $$\begin{array} { r l r r } \text { July } 1 & \text { Beginning inventory } & 30 \text { units at } \$ 19 & \$ 570 \\7 & \text { Purchases } & 105 \text { units at } \$ 20 & 2,100 \\22 & \text { Purchases } & 15 \text { units at } \$ 22 &330\\&&&\$3,000\end{array}$$ A physical count of merchandise inventory on July 31 reveals that there are 48 units on hand.Using the average cost method the value of ending inventory is

• A)$930.
• B)$960.
• C)$976.
• D)$990.

---

Definitions:

Work Hours

The period or duration within a day, week, or month that an individual is expected to be actively engaged in their job or professional duties.

Family Life

The routine interactions, activities, and relationships among members of a household, including parents, children, and extended relatives.

Labor Force

Consists of all the working-age individuals who are employed or actively seeking employment within an economy.

Occupational Segregation

A pattern in which different groups of workers are separated into different occupations.