The following data were taken from Middletown Merchandisers on July 31,for the first month of its fiscal year: 
Compute the inventory at July 1.
Definitions:
Enslaved People
Individuals forced into servitude without personal freedom or rights.
Racial
Relating to the categorization of humans into groups based on physical traits, ancestry, genetics, or social relations.
Ethnic Backgrounds
Refers to an individual's cultural heritage, including the customs, traditions, and values inherited from one's forebears based on ethnicity.
Socioeconomic Backgrounds
The social and economic circumstances in which individuals are raised, which often influence their future opportunities, attitudes, and behaviors.
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