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Rally Wheels, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory as...

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Accounting

Rally Wheels, Inc. had the following balances and transactions during 2018:

Beginning Merchandise Inventory as of January 1, 2018 240 units at $ 70

March 10 Sold 60 units

June 10 Purchased 960 units at $ 77

October 30 Sold 150 units

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?

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