Rodriguez Company Had the Following Balances and Transactions During 2015

question 120

Multiple Choice

Rodriguez Company had the following balances and transactions during 2015: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 100 \text { units at } \$ 80 \\\hline \text { March } 10 & \text { Sold } 50 \text { units } \\\hline \text { June 10 } & \text { Purchased } 200 \text { units at } \$ 82 \\\hline \text { October 30 } & \text { Sold } 150 \text { units } \\\hline\end{array}$$ What would the Ending Merchandise Inventory amount be as reported on the balance sheet at December 31, 2015 if the perpetual first-in, first-out costing method is used?

• A) $4,000
• B) $16,400
• C) $8,200
• D) $8,000

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Definitions:

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The process of granting individuals or groups the power and resources to make decisions, fostering independence and confidence.

Top-level Managers

Executives responsible for overseeing the strategic direction of an organization and making long-range decisions.

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The process of adjusting or changing to fit new conditions or environments.

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Organizational change initiatives that are initiated and managed by top-level management, often requiring changes to be implemented through various levels of the organization.