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What is the balance of the company merchandise inventory

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Reference no: EM132971977

Problem - Samson Company had the following balances and transactions during 2019:

Beginning Merchandise Inventory 20 units at $94

March 10 Sold 17 units

June 10 Purchased 60 units at $100

October 30 Sold 54 units

Required - 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?

Reference no: EM132971977

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