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ters 4 - 6) Saved Help Save & Exit Gary Wilson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of

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ters 4 - 6) Saved Help Save & Exit Gary Wilson, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 300 units at $80 March 10 Sold 80 units June 10 Purchased 600 units at $85 October 30 Sold 380 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2019, if the perpetual inventory system and the first-in, first-out inventory costing method is used? Multiple Choice 24,000 0 6,400 37,400

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