Ralwins, Inc. had the following balances and transactions during 2024, from January 1 to December 31: Beginning Merchandise Inventory 100 units at $84 March 10 Sold 50 units June 10 Purchased 200 units at $86 Sold 150 units October 30 What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the w (Round unit costs to two decimal places and total costs to nearest dollar) OA $4,200 OB. $8.560 OC. $8,400 OD. $12.600 rage inventory costing method are used?
Ralwins, Inc. had the following balances and transactions during 2024, from January 1 to December 31: Beginning Merchandise Inventory 100 units at $84 March 10 Sold 50 units June 10 Purchased 200 units at $86 Sold 150 units October 30 What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the w (Round unit costs to two decimal places and total costs to nearest dollar) OA $4,200 OB. $8.560 OC. $8,400 OD. $12.600 rage inventory costing method are used?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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Transcribed Image Text:Ralwins, Inc. had the following balances and transactions during 2024, from January 1 to December 31:
Beginning Merchandise Inventory
March 10
June 10
October 30
100 units at $84
Sold 50 units
OA $4,200
OB $8.500
OC. $8,400
OD. $12.600
Purchased 200 units at $86
Sold 150 units
What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the weighted average inventory costing method are used?
(Round unit costs to two decimal places and total costs to nearest dollar)
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