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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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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)
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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