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

---

Definitions:

Starch

Starch is a carbohydrate consisting of a large number of glucose units joined by glycosidic bonds, commonly found in foods and used as an energy source by plants and animals.

Carbohydrate

Organic compounds, including sugars, starches, and cellulose, made up of carbon, hydrogen, and oxygen, serving as a major source of energy for living organisms.

Deoxyribose

A sugar derived from ribose by replacing a hydroxyl group with hydrogen, forming the backbone of DNA molecules.

DNA

The molecule that carries genetic instructions used in the growth, development, functioning, and reproduction of all living organisms.