Pop-Up Party Favors Inc A Physical Count of Merchandise Inventory on July 31 Reveals

question 149

Multiple Choice

Pop-up Party Favors 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 FIFO inventory method the amount allocated to ending inventory for July is

• A)$930.
• B)$990.
• C)$960.
• D)$1056.

---

Definitions:

Message

A piece of information or communication sent from one person or entity to another, typically through verbal, written, or digital means.

Encoder

A device or process that converts information from one format or code to another, often for the purpose of standardization, speed, secrecy, or compressions.

Sublimation

Used unconsciously to express socially unacceptable instinctive drives or impulses in approved and acceptable ways.

Painful Situation

A distressing or discomforting circumstance that causes mental or physical pain.