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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
Rodriguez, Inc. had the following balances and transactions during 2017, from January 1 to December 31:

Beginning Merchandise Inventory   300 units at $80
March 10   Sold 150 units
June 10   Purchased 600 units at $82
October 30   Sold 450 units

What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2017 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.)
A) $12,000
B) $24,000
C) $24,480
D) $36,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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