Question: You do not need to insert comma and/or RM for your answers in numbers. A company sells a climbing kit and uses the periodic inventory

 You do not need to insert comma and/or RM for your

You do not need to insert comma and/or RM for your answers in numbers.

A company sells a climbing kit and uses the periodic inventory system to account for its merchandise. The beginning balance of the inventory and its transactions during January were as follows: January 1 Beginning balance of 18 units at RM13 each January 12 Purchased 30 units at RM14 each January 19 Sold 24 units at a selling price of RM30 each January 20 Purchased 24 units at RM17 each January 27 Sold 27 units at a selling price of RM30 each Required: If the ending inventory is reported at RM357, the inventory method used to evaluate is [A]

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