Multiple Choice
Better Buy has six CD players in inventory on December 31. The players were purchased in November for $150. The price lists from Better Buy's supplier indicate that the same CD player would now cost the company $155. What would be the amount reported as Ending Merchandise Inventory on the balance sheet?
A) $1,740
B) $1,680
C) $900
D) $930
Correct Answer:
Verified
Correct Answer:
Verified
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