A physical count of merchandise inventory on July 30 reveals that there are 170 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is

$3,502

Explanation:

When using FIFO, It means that the earliest goods were sold first which means that the later goods would be the ones in the ending inventory.

The 170 units on hand would therefore include:

Ending inventory = (22 * 51) + ((170 - 51) * 20)

= 1,122 + (119 * 20)

= 1,122 + 2,380

= $3,502

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explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.