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Nichols, Inc. had the following balances and transactions during 2024: What would be reported for Ending Merchandise Inventory on the balance sheet at December 31,

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Nichols, Inc. had the following balances and transactions during 2024: What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the first - in, first - out inventory costing method are used? A. $5,740 B. $5,040 C. $8,200 D. $16,800

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