Ronald,Inc What Is the Amount of the Company's Merchandise Inventory,as Disclosed

question 73

Multiple Choice

Ronald,Inc.had the following balances and transactions during 2017: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 15 \text { units at } \$ 90 \\\hline \text { March } 10 & \text { Sold } 13 \text { units } \\\hline \text {June } 10 & \text { Purchased } 30 \text { units at } \$ 87 \\\hline \text { October 30 } & \text { Sold } 25 \text { units } \\\hline\end{array}$$ What is the amount of the company's Merchandise Inventory,as disclosed in the December 31,2017 balance sheet,using the periodic weighted-average inventory costing method? (Round the unit costs to two decimal places and total costs to the nearest dollar. )

• A)$104
• B)$87
• C)$373
• D)$616

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