#19 and #20.

Use the following information for questions 18-20. The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Fiskie, Inc, for an operating period. Units Total Cost Sold Beginning Inventory Sale no.1 Purchase no. 1 Sale no. 2 Purchase no. 2 Totals Unit Unit 50$31 30 40 $1,550 75040 32 25 880 $3,180 120 72 ntory procedures, the ending inventory cost is: $1,080 $1,488 C) $1,056 D) $1,200 E) None of the above 19. Assuming Fiskie, Inc., uses LIFO periodic inventory procedures, the ending inventory cost is: A) $1,056 B) $1,080 C) $1,272 D) $1,488 E) None of the above 20.Assuming Fiskie, Inc., uses weighted-average (periodic) inventory procedures, ending inventory cost is: A) $1,092 B) $1,248 C) $1,272 D) $1,080 E) None of the above