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Question - Nichols, Inc. had the following balances and transactions during? 2024:
Beginning Merchandise Inventory as of January? 1, 2024 300 units at $82
March 10 Sold 60 units
June 10 Purchased 600 units at $84
October 30 Sold 360 units
What would be reported for Ending Merchandise Inventory on the balance sheet at December? 31, 2024 if the perpetual inventory system and the first-?in, first-out inventory costing method are? used?
A. 50,400
B. 24,600
C. 40,320
D. 4,920
Stephen and his employer continue and he can earn a monthly rate of 0.75%, how much will Stephen have in his retirement account 40 years from now?
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