Best Deals,Inc.has 13 units in ending merchandise inventory on December 31.The units were purchased in November for $155 each.The price lists from suppliers indicate the current replacement cost of the item to be $161 each.What would be the amount reported as Merchandise Inventory on the balance sheet?
A) $2,015
B) $4,108
C) $316
D) $2,093
Correct Answer:
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