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

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