The Bridal Gift Shop Company has 12 units in ending merchandise inventory on December 31. The units were purchased in November for $150 each. The price lists from suppliers indicate the current replacement cost of the item to be $152 each. What would be the amount reported as Merchandise Inventory on the balance sheet?
A) $1,800
B) $3,624
C) $302
D) $1,824
A) $1,800
Explanation:
Business
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