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3. Rally Wheels, Inc., had the following balances and transactions during 2018: Beginning Merchandise Inventory 1/1/18 240 units at $73 March 10 Sold 80 units

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3. Rally Wheels, Inc., had the following balances and transactions during 2018: Beginning Merchandise Inventory 1/1/18 240 units at $73 March 10 Sold 80 units June 10 Purchased 720 units at $80 Oct. 30 Sold 175 units What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and LIFO inventory costing method are used

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