Rally Wheels Company Had the Following Balances and Transactions During

question 28

Multiple Choice

Rally Wheels Company had the following balances and transactions during 2018: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory as of } & \\\text { January } 1,2018 & 150 \text { units at } \$ 73 \\\hline \text { March 10 } & \text { Sold 50 units } \\\hline \text { June 10 } & \text { Purchased } 450 \text { units at } \$ 77 \\\hline \text { October 30 } & \text { Sold } 150 \text { units } \\\hline\end{array}$$ What would the company's 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?

• A) $15,200
• B) $45,600
• C) $30,400
• D) $34,650