Samson Company Had the Following Balances and Transactions During 2019

question 76

Multiple Choice

Samson Company had the following balances and transactions during 2019: $$\begin{array} { | l | l | } \hline\begin{array} { l } \text { Beginning Merchandise } \\\text { Inventory }\end{array} & 20 \text { units at } \$ 94 \\\hline \text { March 10 } & \text { Sold 17 units } \\\hline & \text { Purchased 60 units at } \\\text { June 10 } & \$ 100 \\\hline \text { October 30 } & \text { Sold 54 units } \\\hline\end{array}$$ What is the balance of the company's Merchandise Inventory,as disclosed in the December 31,2019 balance sheet as per the periodic FIFO inventory costing method?

• A) $564
• B) $600
• C) $1,880
• D) $900

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Definitions:

Delayed Schedule

A situation where planned events or activities occur later than originally planned or intended, often resulting in setbacks or disruptions.

Rewards

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