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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Mosher, Inc. had the following balances and transactions during 2017:

Beginning Merchandise Inventory as of January 1, 2017   100 units at $82
March 10   Sold 70 units
June 10   Purchased 200 units at $85
October 30   Sold 170 units

What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used?
A) $5,100
B) $17,000
C) $8,200
D) $5,740
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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