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Rally? Wheels, Inc. had the following balances and transactions during? 2024:
Beginning Merchandise Inventory as of January? 1, 2024 240 units at $74
March 10 Sold 60 units
June 10 Purchased 960 units at $78
October 30 Sold 100 units
Problem 1: 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. 80,400
B. 12,240
C. 74,880
D. 92,640
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