Rally Wheels, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as of January 1, 2018 100 units at $73 March 10 Sold 50 units June 10 Purchased 200 units at $78 October 30 Sold 125 units What would the companyʹs ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last-in, first-out inventory costing method are used?

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