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

Beginning Merchandise Inventory as of January 1, 2017   240 units at $71
March 10   Sold 80 units
June 10   Purchased 720 units at $76
October 30   Sold 125 units

What would the company's ending merchandise inventory amount be on December 31, 2017 if the perpetual inventory system and the last-in, first-out inventory costing method are used?
A) $56,580
B) $54,720
C) $71,760
D) $15,180
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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