What would the company ending merchandise inventory cost

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Question - 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

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: EM133047601

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