Metro Computer Company Had the Following Balances and Transactions During

question 73

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014. $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 100 \text { units at } \$ 75 \\\hline \text { March } 10 & \text { Sold } 50 \text { units } \\\hline \text { June } 10 & \text { Purchased } 200 \text { units at } \$ 80 \\\hline \text { October 30 } & \text { Sold } 150 \text { units } \\\hline\end{array}$$
-What would the Inventory amount be as reported on the balance sheet at December 31,2014 if the perpetual average-costing method is used? (Answers are rounded to the nearest dollar.)

• A) $7,900
• B) $8,600
• C) $8,000
• D) $7,750

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Definitions:

Multinationals

Large corporations that have operations, production, or service facilities in more than one country, often playing a significant role in global trade and economic relations.

Billion-Dollar Mergers

Large-scale corporate mergers involving the combination of companies or assets with a total value of at least one billion dollars.

Financial Scandals

Instances of dishonesty or unethical behavior in the financial industry, often involving the theft of funds or manipulation of financial markets.

Corporate Merger

The combining of assets and operations of two companies to form a single entity, often with the aim of increasing market share or reducing costs.