Metro Computer, Inc. had the following balances and transactions during 2017:
Beginning...
Business, 02.04.2020 21:04 natalie857123
Metro Computer, Inc. had the following balances and transactions during 2017:
Beginning Merchandise Inventory as of January 1, 2017 240 units at $70
March 10 Sold 80 units
June 10 Purchased 720 units at $80
October 30 Sold 125 units
What would the company's ending merchandise inventory amount be on December 31, 2017 if the perpetual inventory system and the LIFO inventory costing method are used?
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