Metro Computer, Inc
had the following balances and transactions during 2017:
Beginning Merchandise Inventory as of January 1, 2017 240 units at $71
March 10 Sold 80 units
June 10 Purchased 720 units at $76
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 last-in, first-out inventory costing method are used?
A) $15,180
B) $71,760
C) $56,580
D) $54,720
C .Ending merchandise inventory = Total inventory available for sale - Cost of goods
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