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Ralwins, Inc. had the following balances and transactions during 2018, from January 1 to December 31: Beginning Merchandise Inventory March 10 June 10 October
Ralwins, Inc. had the following balances and transactions during 2018, from January 1 to December 31: Beginning Merchandise Inventory March 10 June 10 October 30 300 units at $82 Sold 180 units Purchased 900 units at $85 Sold 480 units What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar) OA. $24,000 OB. $45,711 OC. $34,440 OD. $9,840 COD
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