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What would the? company ending merchandise inventory

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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

Reference no: EM133032892

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