Samson, Inc What Is the Balance of the Company's Merchandise Inventory, as \begin{array}

question 157

Multiple Choice

Samson, Inc. had the following balances and transactions during 2019: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 25 \text { units at } \$ 93 \\\hline \text { March 10 } & \text { Sold } 22 \text { units } \\ \hline \text { June } 10 & \text { Purchased } 75 \text { units at } \$ 98 \\\hline \text { October } 30 & \text { Sold } 70 \text { units } \\\hline\end{array}$$ What is the balance of the company's Merchandise Inventory, as disclosed in the December 31, 2019 balance sheet as per the periodic FIFO inventory costing method?

• A) $465
• B) $490
• C) $2,325
• D) $784

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Definitions:

Serum Electrolytes

Levels of minerals present in the blood, such as sodium, potassium, and chloride, that are vital for bodily functions.

Blood Glucose

The concentration of glucose present in the blood, an important indicator of metabolic health and a key factor in diabetes management.

Abundant Lanugo

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The flexible connective tissue forming the structure of the outer part of the ear.