Ralwins, Inc. had the following balance and transactions during 2018, from January 11 December 31 Beginning Merchandise Inventory 200 unitats March 10 Sold 100 units June 10 Purchased 400 units tsa October 30 Sold 300 What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 the perpetual inventory system and the waverage inventory sing method wed? Rund unto the decimal places and total costs to nearest dollar) O A 58,300 OB. $16.600 OC. $24.900 OD $16.920 Click to select your answer This Question: 3 pts 21 of 29 (3 complete) Which of the following inventory costing methods yields the highest net income during a period of rising inventory costs? O A. last - in, first-out O B. specific identification O c. weighted - average OD. first - in, first-out pes 23 of 29 (3 complete) Abigail's Widgets has the following information regarding its inventories for its lower of cost (LCM) assessment. It applies LCM on an item by item basis. Total Cost Total Market Inventory Item A $55,000 $60,000 Inventory Item B $40,000 $38,000 Inventory Item C $80,000 $81,000 What value should Abigail show on her balance sheet for inventory after assessing LCM? O A. $171,000 OB. $175,000 O c. $181,000 OD. $173,000 Click to select your answer. Anderson Farms, Inc. provided the following for 2018: Cost of Goods Sold (Cost of sales) $1,500,000 Beginning Merchandise Inventory 340,000 Ending Merchandise Inventory 625,000 Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.) O A. 2.4 times per year OB. 1.55 times per year O C. 4,41 times per year O D. 3.11 times per year