Ronald Company had the following balances and transactions during 2014. 
What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2014 balance sheet as per the periodic weighted-average costing method?
Definitions:
Observational Data
Data collected through directly observing subjects in their natural environment without any manipulation by the researcher.
Questions
Inquiries or prompts seeking information through verbal or written communication.
Marketing Input Data
Information collected from various sources that is used to guide marketing strategies, decisions, and activities.
Advertising Expenses
The costs incurred by a business to promote its products or services through various forms of media, including online, print, and broadcast advertising.
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