Costs of \( \$ 12,500 \) were incurred to acquire goods and make them ready for sale. The for a cost of \( \$ 950 \). Additional necessary costs of \( \$ 1,900 \) were incurred to acquire the available. Compute the buyer's total cost of merchandise inventory. Multiple Choice \( \$ 15,350 \)

To determine the total cost of merchandise inventory, you need to add all costs associated with acquiring the goods. Start with the initial cost of goods, which is \( \$ 12,500 \). Then, you’ll add the additional necessary costs of \( \$ 1,900 \). This gives a subtotal of \( \$ 12,500 + \$ 1,900 = \$ 14,400 \). Next, include the cost incurred to acquire the goods for resale, which is \( \$ 950 \). Finally, add them up: \( \$ 14,400 + \$ 950 = \$ 15,350 \). So, the total cost of merchandise inventory is indeed \( \$ 15,350 \). Happy accounting!