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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. Units Sold

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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. Units Sold Units Unit Cost 50 $124 Total Cost $ 6,200 Beginning Inventory Sale No. 1 40 Purchase No. 1 30 100 3,000 Sale No. 2 Purchase No. 2 40 88 3.520 Totals 120 $12.720. Assuming Woof-A-Lot, Inc. uses LIFO perpetual inventory procedures, the ending inventory cost is: Select one: a. $4,512 b. $4,320 c. $4,224 d. $5,952 0 Next page

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