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Better Buy, Inc. has 8 units in inventory on December 31. The units were purchased in November for $160 each. The price lists from the suppliers indicate that the same items would now cost the company a total of $1,320. What would be the amount reported as Ending Merchandise Inventory on the balance sheet?
A) $1,320
B) $1,280
C) $2,600
D) $325
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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8 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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