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Ralwins, Inc. had the following balances and transactions during 2024, from January 1 to December 31: Beginning Merchandise Inventory 300 units at $80 March 10
Ralwins, Inc. had the following balances and transactions during 2024, from January 1 to December 31:
Beginning Merchandise Inventory | 300 units at $80 |
March 10 | Sold 150 units |
June 10 | Purchased 600 units at $82 |
October 30 | Sold 450 units |
What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2024 if the perpetual inventory system and the
weightedaverage
inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar.)
A. $24,000
B. $36,000
C. $12,000
D. 24,480
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