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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of La Fleur, Inc. for an operating period. Units
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of La Fleur, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory $28 840 30 Sale No. 1 20 Purchase No. 1 2,000 50 40 Sale No. 2 40 20 Purchase No. 2 44 880 Totals $3,720 100 60 Assuming La Fleur, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is: Select one: A. $1,120 B. $1,240 C. $1,680 D. $1,760
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