Ralwins, Inc What Would Be Reported for Ending Merchandise Inventory on the from January

question 36

Multiple Choice

Ralwins, Inc. had the following balances and transactions during 2018, from January 1 to December 31: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 200 \text { units at } \$ 81 \\\hline \text { March 10 } & \text { Sold } 100 \text { units } \\\hline \text {J une } 10 & \text { Purchased } 400 \text { units at } \$ 83 \\\hline \text { October 30 } & \text { Sold 300 units } \\\hline\end{array}$$ What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar.)

• A) $16,520
• B) $8,100
• C) $16,200
• D) $24,300