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

question 193

Multiple Choice

Apple-A-Day 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 LIFO inventory method the amount allocated to cost of goods sold for July is

• A)$3170.
• B)$3080.
• C)$3110.
• D)$3010.

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Definitions:

Sociometric Popularity

Sociometric popularity is a measure of how much an individual is liked or chosen as a friend or associate by their peers, usually assessed through nominations or ratings among group members.

Positive Nominations

A method used in research or assessment where individuals are asked to name or identify peers who exhibit positive traits or behaviors.

Popular

Widely liked, admired, or accepted by a large number of people.

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Families formed when at least one partner has children from a previous relationship, blending members into a new family structure.