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Rally Wheels, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 200 units at $75 Sold 50

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Rally Wheels, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 200 units at $75 Sold 50 units March 10 June 10 Purchased 800 units at $78 Sold 150 units October 30 What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last - in, first-out inventory costing method are used? A. $77,400 B. $62,400 C. $15,450 D. $61,950

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