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Rodriguez,Inc What Would Be Reported for Ending Merchandise Inventory on the to December

Question 62

Multiple Choice

Rodriguez,Inc.had the following balances and transactions during 2017,from January 1 to December 31:  Beginning Merchandise Inventory 300 units at $80 March 10  Sold 150 units  June 10 Purchased 600 units at $82 October 30  Sold 450 units \begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 300 \text { units at } \$ 80 \\\hline \text { March 10 } & \text { Sold } 150 \text { units } \\ \hline \text { June } 10 & \text { Purchased } 600 \text { units at } \$ 82 \\\hline \text { October 30 } & \text { Sold } 450 \text { units } \\\hline\end{array} What would be reported for Ending Merchandise Inventory on the balance sheet at December 31,2017 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar. )


A) $24,480
B) $12,000
C) $24,000
D) $36,000

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