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Better Deals Company Has 6 Units in Inventory on December

Question 64

Multiple Choice

Better Deals Company has 6 units in inventory on December 31.The units were purchased in November for $155 each.The price lists from the suppliers indicate that the same items would now cost the company a total of $960.What would be the amount reported as ending Merchandise Inventory on the balance sheet?


A) $1,890
B) $315
C) $930
D) $960

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