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RallyWheels, Inc. had the following balances and transactions during2018: Beginning Merchandise Inventory as of January1, 2018 120 units at $71 March 10 Sold 60 units
RallyWheels, Inc. had the following balances and transactions during2018:
Beginning Merchandise Inventory as of January1, 2018
120 units at $71
March 10
Sold 60 units
June 10
Purchased 240 units at $79
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?
A.
$18,960
B.
$27,480
C.
$14,135
D.
$13,345
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