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What would be reported for ending Merchandise Inventory

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Question - 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 50 units

June 10 Purchased 200 units at $83

October 30 Sold 150 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: EM132605201

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