Question
RallyWheels, Inc. had the following balances and transactions during2018: Beginning Merchandise Inventory as of January1, 2018 160 units at $72 March 10 Sold 80 units
RallyWheels, Inc. had the following balances and transactions during2018:
Beginning Merchandise Inventory as of January1, 2018
160 units at $72
March 10
Sold 80 units
June 10
Purchased 320 units at $80
October 30
Sold 125 units
What would thecompany's ending merchandise inventory cost be on December31, 2018 if the perpetual inventory system and the lastin, firstout inventory costing method areused?
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
