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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