O A. $5,000 B. $8,500 O c. $7,500 OD. $23,500 Perpetual Company showed the following balances at the end of its first year: Cash $ 2,000 Prepaid insurance 3,500 Accounts payable 2,500 Accounts receivable 2,000 Notes payable 3,000 Furniture 1,000 Dividends 500 Accrued liabilities 16,000 Expenses 12,500 How much are the companies total current assets ? Everyday Wear Retail had the following balances and transactions during 2024 Beginning inventory 10 units at $71 June 10 Purchased 40 units at $80 December 30 Sold 20 units December 31 Replacement cost 561 The company maintains its records of inventory on a perpetual basis using the first in, first-out inventory costing method. Calculate the amount of ending Merchandise inventory on December 31, 2024 using the lower-of-cost-or-market rule A $2,440 OB $710 C. $1.830 D. $2.130