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Our company had the following balances and transactions during the current year related to merchandise inventory. Beginning merchandise inventory on January 1 120 units at
Our company had the following balances and transactions during the current year related to merchandise inventory.
Beginning merchandise inventory on January 1
120 units at $70 per unit
Purchase on February 14
100 units at $85 per unit
Sale on August 21
120 units
What would be the company's ending merchandise inventory in dollars on December 31 if the company used perpetual, weighted average (WA) costing method
$9,900
$7,000
$9,218
$7,682
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