Samson, Inc had the following balances and transactions during 2017:
Beginning Merchandise Inventory 15 units at $92
March 10 Sold 12 units
June 10 Purchased 45 units at $98
October 30 Sold 39 units
What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet as per the periodic FIFO inventory costing method?
A) $552
B) $588
C) $9,016
D) $882
D .Ending Merchandise Inventory = 9 units x $98 = $882
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