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The Bridal Gift ShopInc. has 1 4 units in ending merchandise inventory on December 3 1 . The units were purchased in November for $

The Bridal Gift ShopInc. has

14

units in ending merchandise inventory on December

31 .

The units were purchased in November for $

170

each. The price lists fr suppliers indicate the current replacement cost of the item to be $

176

each. What would be the amount reported as Merchandise Inventory on the balance sheet?

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