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Question - 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
Required - What would the? company 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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