Question
Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024- 180 units at $72 March 10
Rally Wheels, Inc. had the following balances and transactions during 2024:
Beginning Merchandise Inventory as of January 1, 2024- 180 units at $72
March 10 sold 60 units
June 10 purchased 540 units at $79
October 30 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. $41,425 B. $42.660 C. $55,620 D. $14,195
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Information Technology Control And Audit
Authors: Angel R. Otero
5th Edition
1498752284, 9781498752282
