Better Buy Inc.has six CD players in inventory on December 31.The players were purchased in November for $150.The price lists from the company's supplier indicate that the same CD player would now cost the company $155.What would be the amount reported as Ending Merchandise Inventory on the balance sheet?

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The Answer of Better Buy Inc.has six CD players in inventory on December 31.The players were purchased in November for $150.The price lists from the company's supplier indicate that the same CD player would now cost the company $155.What would be the amount reported as Ending Merchandise Inventory on the balance sheet?