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

Understand the impact of scale changes on total, average, and marginal costs.

Recognize conditions for long-run equilibrium in constant cost industries.

Analyze the implications of long-run average cost curves on industry structure and firm size.

Understand the economic reasoning behind U-shaped long-run average cost curves.

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Definitions:

Financial Plans

Detailed strategies outlining the allocation and management of funds to achieve specific financial goals or objectives.

Scenario Planning

A strategic planning method that organizations use to envision and develop strategies for multiple future scenarios.

Dynamic Environment

A situation or setting that is constantly changing and requires organizations or individuals to adapt quickly to new challenges and opportunities.

Royal Dutch/Shell

A global group of energy and petrochemical companies, known for its exploration, production, refining, and marketing of oil and natural gas.