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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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