Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024...

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Rally Wheels, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory as of January 1, 2024 320 units at $75 March 10 Sold 80 units June 10 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. $110,400 OC. $102,400 OD. $126,400 Purchased 1,280 units at $80 Sold 125 units BOO

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