Metro Computer,Inc What Would the Company's Ending Merchandise Inventory Amount Be on

question 33

Multiple Choice

Metro Computer,Inc.had the following balances and transactions during 2017: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory as of January } 1,2017 & 240 \text { units at } \$ 71 \\\hline \text { March } 10 & \text { Sold } 80 \text { units } \\\hline \text { June } 10 & \text { Purchased } 720 \text { units at } \$ 76 \\\hline \text { October } 30 & \text { Sold } 125 \text { units } \\\hline\end{array}$$ What would the company's ending merchandise inventory amount be on December 31,2017 if the perpetual inventory system and the last-in,first-out inventory costing method are used?

• A)$15,180
• B)$71,760
• C)$56,580
• D)$54,720

Understand the concept of shutdown point and how it affects firm's decisions.

Calculate firm's profit or loss based on cost data and market prices.

Identify the factors leading to changes in the industry supply curve.

Understand the concept of zones of proximal development and its significance in child development.

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Definitions:

Countertrend

A countertrend is a market movement that opposes the general direction of the market or current trends, often temporary in nature.

Environmental Scanning

A process used by organizations to monitor, analyze, and evaluate their external environment to identify opportunities and threats.

Competitive Intelligence

The gathering and analysis of information concerning competitors' activities and general business trends to formulate strategies.

Environmental Scanning

The process of systematically examining the external environment to identify and understand trends, opportunities, and threats that could impact an organization.