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K Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 100 units at $74 March
K Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 100 units at $74 March 10 June 10 Sold 50 units October 30 Purchased 200 units at $79 Sold 150 units What would the company's ending merchandise inventory cost be on December 31, 2024 if the perpetual inventory system and the last-in, first-out inventory costing method are used? A. $7,650 OB. $15,800 Oc. $23,200 OD. $15,550
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