Question $22$

Our company had the following balances and transactions during the current year related to merchandise inventory.

$\backslash$table$[[$Beginning merchandise inventory on January $1,100$ units at $$75$ per unit$],[$Purchase on February $14,100$ units at $$80$ per unit$],[$Sale on August $21,150$ units$]]$

What would be the $$ompany$\text{'}$s ending merchandise inventory in dollars on December $31$ if the company used perpetual, firs in$,$ first out $($FIFO$)$ method?

$$4,000$

$$3,750$

$$11,500$

$$11,750$

Question $23$