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K Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 100 units at $72 March 10 June 10 Sold 50 units Purchased 200 units at $80 Sold 125 units October 30 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 OA $10,000 OB $9.600 GILD

K Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 100 units at $72 March 10 June 10 Sold 50 units Purchased 200 units at $80 Sold 125 units October 30 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 OA $10,000 OB $9.600 GILD

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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54 Rally Wheels, Inc. had the following balances and transactions during 2024 Beginning Merchandise Inventory as of January 1, 2024 100 units at $72 March 10 Sold 50 units June 10 Purchased 200 units at $80 Sold 125 units October 30 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 $16,000 OB. $9,600 OC. $13.600 OD. $23.200 THIS QUOSUOI 2 pompay poss CITTE
Transcribed Image Text:54 Rally Wheels, Inc. had the following balances and transactions during 2024 Beginning Merchandise Inventory as of January 1, 2024 100 units at $72 March 10 Sold 50 units June 10 Purchased 200 units at $80 Sold 125 units October 30 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 $16,000 OB. $9,600 OC. $13.600 OD. $23.200 THIS QUOSUOI 2 pompay poss CITTE
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