Ronald, Inc
had the following balances and transactions during 2017:
Beginning Merchandise Inventory 15 units at $90
March 10 Sold 13 units
June 10 Purchased 30 units at $87
October 30 Sold 25 units
What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic weighted-average inventory costing method? (Round the unit costs to two decimal places and total costs to the nearest dollar.)
A) $104
B) $87
C) $373
D) $616
D .
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