Multiple Choice
Best Deals has six CD players in ending merchandise inventory on December 31. The players were purchased in November for $165. The price lists from suppliers indicate the current replacement cost of a CD player to be $162. What would be the amount reported as Inventory on the balance sheet?
A) $972
B) $990
C) $1,800
D) $1,890
Correct Answer:
Verified
Correct Answer:
Verified
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