Orange-Aide Company Has the Following Inventory Data A Physical Count of Merchandise Inventory on July 31 Reveals

question 82

Multiple Choice

Orange-Aide Company has the following inventory data: $$\begin{array} { r l r r } \text { July } 1 & \text { Beginning inventory } & 40 \text { units at } \$ 20 & \$ 800 \\7 & \text { Purchases } & 140 \text { units at } \$ 21 & 2,940 \\22 & \text { Purchases } & 20 \text { units at } \$ 22 & 440\\&&&\$4,180\end{array}$$ A physical count of merchandise inventory on July 31 reveals that there are 50 units on hand.Using the average cost method the value of ending inventory is

• A)$1070
• B)$1045 c $1050
• D $1100

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Definitions:

Elect to Sue

The act of choosing or deciding to initiate a legal proceeding against an individual or entity.

Identity Discovered

The act of revealing or determining the true character or personality of an individual or entity.

Disclosing Identity

The act of revealing or making known one's identity, especially in contexts where anonymity is protected or preferred.

Qualified Prospect

An individual or organization that has shown interest in a product or service and meets certain criteria making them more likely to make a purchase.