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What would the company ending merchandise inventory cost

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Reference no: EM132605192

Question - Rally Wheels, Inc. had the following balances and transactions during 2018:

Beginning Merchandise Inventory as of January 1, 2018 160 units at $72

March 10 Sold 80 units

June 10 Purchased 320 units at $80

October 30 Sold 125 units

What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last-in, first-out inventory costing method are used?

Reference no: EM132605192

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