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The Bridal Gift Shop, Inc. has 14 units in ending merchandise inventory on December 31. The units were purchased in November for $165 each. The
The Bridal Gift Shop, Inc. has 14 units in ending merchandise inventory on December 31. The units were purchased in November for $165 each. The price lists from suppliers indicate the current replacement cost of the item to be $171 each. What would be the amount reported as Merchandise Inventory on the balance sheet? O A. $2,394 OB. $336 OC. $4,704 OD. $2,310
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