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Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory units at June 10 Purchased units at December 30 Sold units December
Smart Phones, Inc. had the following balances and transactions during 2025. Beginning Inventory units at June 10 Purchased units at December 30 Sold units December 31 Replacement cost The company maintains its records of inventory on a perpetual basis using the lastin, firstout inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2025 using the lowerofcostormarket rule. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) Question content area bottom Part 1 A.$ 3 comma 588 B.$ 3 comma 468 C.$ 3 comma 000 D.$ 3 comma 680
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