Rodriguez Company had the following balances and transactions during 2014, from January 1 to December 31: 
What would the Ending Merchandise Inventory amount be as reported on the balance sheet at December 31, 2014 if the perpetual weighted-average costing method is used? (Round your intermediate calculations to two decimal places)
Definitions:
Price Ceiling
A government-imposed limit on the price charged for a product, aimed at preventing prices from rising above a certain level.
Equilibrium Wage
The earnings rate at which the workforce offered balances the workforce demanded.
Binding
In economic terms, refers to a price floor or ceiling that is enforced and has an effect on the market, preventing it from reaching equilibrium.
Price Ceiling
A legally established maximum price for a good or service, aimed at preventing prices from rising too high.
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