The company maintains its records of inventory on a perpetual basis using the last-in, first-out inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2019 using the lower-of-cost-or-market rule.
Delaware Retail Company had the following balances and transactions during 2019.
A) $2,490
B) $2,400
C) $1,800
D) $3,600
C) $1,800
Explanation:
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