Ralwins Company Had the Following Balances and Transactions During 2018,from

question 53

Multiple Choice

Ralwins Company had the following balances and transactions during 2018,from January 1 to December 31: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 200 \text { units at } \$ 83 \\\hline \text { March } 10 & \text { Sold } 100 \text { units } \\\hline & \text { Purchased } 600 \text { units at } \\\text { June } 10 & \$ 86 \\\hline \text { October 30 } & \text { Sold } 300 \text { units } \\\hline\end{array}$$ What would be reported for ending Merchandise Inventory on the balance sheet at December 31,2018 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar.)

• A) $34,228
• B) $8,300
• C) $16,600
• D) $24,900

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