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What is amount of company ending Merchandise Inventory

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Reference no: EM133032283

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

Beginning Merchandise Inventory 30 units at $74

March 10 Sold 27 units

June 10 Purchased 90 units at $84

October 30 Sold 85 units

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

A. $592

B. $370

C. $420

D. $672

Reference no: EM133032283

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