Best Deals Has Six CD Players in Ending Merchandise Inventory

question 94

Multiple Choice

Best Deals has six CD players in ending merchandise inventory on December 31. The players were purchased in November for $165. The price lists from suppliers indicate the current replacement cost of a CD player to be $162. What would be the amount reported as Inventory on the balance sheet?

• A)$972
• B)$990
• C)$1,800
• D)$1,890

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