Business, 15.07.2020 05:01 KindaSmartPersonn
The Bridal Gift Shop, Inc. has 11 units in ending merchandise inventory on December 31. The units were purchased in November for $150 each. The price lists from suppliers indicate the current replacement cost of the item to be $152 each. What would be the amount reported as Merchandise Inventory on the balance sheet?
A $1,650
B. $3.322
C. $1,672
D. $302
Answers: 1
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The Bridal Gift Shop, Inc. has 11 units in ending merchandise inventory on December 31. The units we...
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