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Find What amount of company ending Merchandise? Inventory

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Reference no: EM132937837

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

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. $592

B. $370

C. $420

D. $672

Reference no: EM132937837

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