Solved: What is the amount of the companys merchandise inventory, Accounting Basics

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What is the amount of the companys merchandise inventory

Ronald Company had the following balances and transactions during 2014.

Beginning merchandise inventory 10 units at $95
March 10 Sold 8 units
June 10 Purchased 20 units at $92
October 30 Sold 15 units

What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2014 balance sheet as per the periodic weighted minus average costing method?

A. $140
B. $651
C. $398
D. $186

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Accounting Basics: What is the amount of the companys merchandise inventory

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