Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 140 units at $73 March 10 Sold 70 units June 10 October 30 Purchased 280 units at $77 Sold 175 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? OA. $31.780 OB. $21,560 OC. $13,195 OD, $18,585

Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 140 units at $73 March 10 Sold 70 units June 10 October 30 Purchased 280 units at $77 Sold 175 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? OA. $31.780 OB. $21,560 OC. $13,195 OD, $18,585

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 2PA: Trini Company had the following transactions for the month. Calculate the ending inventory dollar...

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