Better Deals Company Has 6 Units in Inventory on December

question 64

Multiple Choice

Better Deals Company has 6 units in inventory on December 31.The units were purchased in November for $155 each.The price lists from the suppliers indicate that the same items would now cost the company a total of $960.What would be the amount reported as ending Merchandise Inventory on the balance sheet?

• A) $1,890
• B) $315
• C) $930
• D) $960

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Definitions:

Criminal Code

is a document that compiles all criminal laws and procedures in a particular jurisdiction.

Vulnerable State

A condition in which an individual or group is unable to protect themselves against significant harm or exploitation due to various factors.

Consumer Transactions

Deals or exchanges of goods or services between sellers and individuals who purchase them for personal, family, or household use.

Unconscionable Act

An action that is extremely unjust or excessively unfair, often in the context of a contract or agreement.