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During a recent operating period, The Duk Fook Processing Concern engaged in the following inventory-related transactions: Units Unit Cost Units Sold Total Cost $1,152 32
During a recent operating period, The Duk Fook Processing Concern engaged in the following inventory-related transactions: Units Unit Cost Units Sold Total Cost $1,152 32 $36 10 28 Beginning inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals 40 1,120 32 20 38 760 80 $3,032 42 Question 40 (2.5 points) Refer to Duk Fook Processing. Assuming the company uses LIFO periodic inventory procedures, the ending inventory cost is: $1,326 $1,444 $1,392 01 48 Refer to Duk Fook Processing. Assuming the company uses weighted-average (periodic) inventory procedures, the ending inventory cost is: $1,440.20 $1,444.00 $1,442.00 $1,594.80 Question 42 (2.5 points) Refer to Duk Fook Processing. Assuming the company uses FIFO periodic inventory procedures, the ending inventory cost is: $1,392 $1,480 $1,368 $1,444
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