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Find What is the balance of the company Merchandise

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Reference no: EM132939676

Samson, Inc. had the following balances and transactions during 2025:

Beginning Merchandise Inventory 15 units at $91

March 10 Sold 12 units

June 10 Purchased 45 units at $97

October 30 Sold 39 units

Problem 1: What is the balance of the company's Merchandise Inventory, as disclosed in the December 31, 2025 balance sheet as per the periodic FIFO inventory costing method?  

a. 546

b. 582

c. 873

d. 1365

Reference no: EM132939676

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