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What would be reported for ending merchandise inventory

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Reference no: EM131928075

Question - Ralwins Company 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?

Reference no: EM131928075

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