ation Videos G Saved equired information > A company reports merchandise inventory on December 31 at $250,000 but LCM applied to items is $200,00o. Note: Enter debits before credits. aldit Debit General Journal Date Dec 31 23 Required information Part 2 of 9 Knowledge Check 01 Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: 0.33 points April 5 April 10 April 15 pril 20 April 22 $10 $12 $14 $16 eBook $17 Print References One unit is sold on April 25. The company uses the first-in, first-out (FIFO) inventory costing method. Identify the cost of the ending inventory on the balance sheet Cost of the ending inventory Mo Graw Hitl tvcat