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What would the? company ending merchandise inventory cost

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Reference no: EM132939709

Rally? Wheels, Inc. had the following balances and transactions during? 2024:

Beginning Merchandise Inventory as of January? 1, 2024 140 units at $74

March 10 Sold 70 units

June 10 Purchased 280 units at $79

October 30 Sold 125 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. 32,480

b. 17,425

c. 22,120

d. 15,055

Reference no: EM132939709

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