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What amount of company ending Merchandise for Roadside Inc

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Reference no: EM132939681

Roadside, Inc. had the following balances and transactions during 2024:

Beginning Merchandise Inventory 30 units at $70

March 10 Sold 27 units

June 10 Purchased 90 units at $80

October 30 Sold 84 units

Problem 1: What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2024 balance sheet, using the periodic LIFO inventory costing method?

a. 420

b. 720

c. 480

d. 630

Reference no: EM132939681

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