enuhiheducation.com/hmtpx Ralph's Mini-Mart store in Alpine expenenced the following events during the current year 1. Incurred $391,000 in selling 2. Incurred $1,203,000 of administrative costs. 3. Purchased $403,000 of 4. Paid $37,000 for transportation-in costs. 5. Took an inventory at year-end and learned that goods costing $203,000 were on hand This compared with a beginning inventory of ss15.000 on January 1. 6. Determined that sales revenue during year was 7. Debited all costs incurred to the appropriate account and credted to Accounts Payable. Au sales were for cash Required: Give the amounts for the following items in the Merchandise Inventory account a. Beginning balance (BB) b. Transfers in c. Ending balance (EB) Transfers out To) References eBook & Resources