Ronald Company Had the Following Balances and Transactions During 2014

question 149

Multiple Choice

Ronald Company had the following balances and transactions during 2014. $$\begin{array} { | l | l | } \hline \text { Beginning merchandise inventory } & 10 \text { units at } \$ 95 \\\hline \text { March } 10 & \text { Sold } 8 \text { units } \\\hline \text { June } 10 & \text { Purchased 20 units at } \$ 92 \\\hline \text { October 30 } & \text { Sold 15 units } \\\hline\end{array}$$ 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?

• A) $186
• B) $140
• C) $398
• D) $651

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Definitions:

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An activity involving performance of routines consisting of tumbling, dance, jumps, cheers, and stunting to direct spectators’ attention to events and support sports teams.

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The process or act of raising someone to a higher position or rank, or the act of advertising or pushing for the sale of products or services.

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A series of statements or reasons made to support or oppose a conclusion.

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