The Bridal Gift Shop Company Has 12 Units in Ending

question 46

Multiple Choice

The Bridal Gift Shop Company has 12 units in ending merchandise inventory on December 31.The units were purchased in November for $150 each.The price lists from suppliers indicate the current replacement cost of the item to be $152 each.What would be the amount reported as Merchandise Inventory on the balance sheet?

• A) $1,800
• B) $3,624
• C) $302
• D) $1,824

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Definitions:

Sleepwalking

A sleep disorder causing people to get up and walk around or perform complex actions while not fully awake.

Sleep Disorder

A medical disorder of the sleep patterns that can significantly impact health, well-being, and daily functioning.

Sleeptalking

A sleep disorder characterized by talking during sleep without being aware of it, which can occur in any stage of sleep.

REM Sleep

A stage of sleep characterized by rapid eye movements, during which dreaming and higher brain activity occur.