Metro Computer Company Had the Following Balances and Transactions During

question 151

Multiple Choice

Metro Computer Company had the following balances and transactions during 2014: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 100 \text { units at } \$ 75 \\\hline \text { March } 10 & \text { Sold } 50 \text { units } \\\hline \text { June } 10 & \text { Purchased } 200 \text { units at } \$ 80 \\\hline \text { October 30 } & \text { Sold } 150 \text { units } \\\hline\end{array}$$ What would the company's ending merchandise inventory amount be on December 31, 2014 if the perpetual last-in, first-out costing method is used?

• A) $7,500
• B) $23,500
• C) $7,750
• D) $16,000

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Definitions:

Human Capital Requirements

The skills, knowledge, and abilities that employees need to possess to fulfill their roles effectively within an organization.

Short-Run Forecast

A prediction of future events or performance over a relatively brief period, often used for budgeting, planning, and operational adjustments.

Envelope

The range of plausible values of a prediction based on a given set of assumptions.

Plausible Values

Reasonably conceivable or believable amounts or outcomes, often used in statistical modeling and estimation.