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Roadside Company Had the Following Balances and Transactions During 2018

Question 165

Multiple Choice

Roadside Company had the following balances and transactions during 2018:  Beginning Merchandise Inventory 30 units at $74 March 10  Sold 28 units  June 10  Purchased 60 units at $84 October 30  Sold 54 units \begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 30 \text { units at } \$ 74 \\\hline \text { March 10 } & \text { Sold } 28 \text { units } \\\hline \text { June 10 } & \text { Purchased } 60 \text { units at } \$ 84 \\\hline \text { October 30 } & \text { Sold 54 units } \\\hline\end{array} What is the amount of the company's ending Merchandise Inventory,as disclosed in the December 31,2018 balance sheet,using the periodic LIFO inventory costing method?


A) $504
B) $592
C) $672
D) $444

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