Better Buy, Inc. has 8 units in inventory on December 31. The units were purchased in November for $160 each. The price lists from the suppliers indicate that the same items would now cost the company a total of $1,320
What would be the amount reported as Ending Merchandise Inventory on the balance sheet?
A) $2,600
B) $325
C) $1,280
D) $1,320
C .Ending Merchandise Inventory =
Business
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Indicate whether the statement is true or false
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