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Rally Wheels, Inc. had the following balances and transactions during 2024 Beginning Merchandise Inventory as of January 1, 2024 160 units at $72 March 10
Rally Wheels, Inc. had the following balances and transactions during 2024 Beginning Merchandise Inventory as of January 1, 2024 160 units at $72 March 10 June 10 October 30 Sold 80 units Purchased 320 units at $79 Sold 125 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. $15,635 OB. $21,165 OC. $36,800 OD. $25,280
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