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2) The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Woof-A-Lot, Inc. for an operating period. Beginning
2) The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Woof-A-Lot, Inc. for an operating period. Beginning Inventory Units 50 Unit Cost $124 Total Cost $ 6,200 Units Sold Sale No. 1 40 Purchase No. 1 30 100 3,000 Sale No. 2 32 Purchase No. 2 40 88 3,520 Totals 120 $12,720 72 Assuming Woof-A-Lot, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is: Assuming Woof-A-Lot, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is: Assuming Woof-A-Lot, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is: Assuming Woof-A-Lot, Inc. uses FIFO perpetual inventory procedures, the ending inventory cost is: Assuming Woof-A-Lot, Inc. uses LIFO perpetual inventory procedures, the ending inventory cost is
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