Question - Ralwins Company had the following balances and transactions during 2018, from January 1 to December 31:
Beginning Merchandise Inventory 100 units at $ 81
March 10 Sold 60 units
June 10 Purchased 300 units at $ 84
October 30 Sold 160 units
What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted-average inventory costing method are used?