a single-stage system? the result- Dleague says, * If a company only has one product, it doesn't matter how ve allocate cost, because the result will always be the same." Do you agree? Explain. connect All applicable Exercises am Included In Connect. 6-24. Basic Cost Flow Model Ralph's Mini-Mart store in Alpine experienced the following events during the current year Incurred $270,000 in selling costs. Incurred $180,000 of administrative costs. Purchased $870,000 of merchandise. Paid $30,000 for transportation-in costs. 5. -Tock an inventory at year-end, and learned that goods costing $140,000 were on hand. This compared with a beginning inventory of $225,000 on January | Determined that sales revenue during the year was $2,600,000. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash. Required Give the amounts for the following items in the Merchandise Inventory account: a. "Beginning balance (BB). - Transfers-in (Th). Ending balance (EB) Transfers-out (TO). Flow Model