question archive ?Ralwins, Inc
?Ralwins, Inc
Subject:AccountingPrice: Bought3
?Ralwins, Inc. had the following balances and transactions during? 2018, from January 1 to December? 31:
Beginning Merchandise Inventory 100 units at $81
March 10 Sold 60 units
June 10 Purchased 300 units at $84
October 30 Sold 160 units
What would be reported for ending Merchandise Inventory on the balance sheet at December? 31, 2018 if the perpetual inventory system and the weighted−average inventory costing method are? used? (Round unit costs to two decimal places and total costs to nearest? dollar.)
