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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ramos, 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 Ramos, Inc. for an operating period Units Sold Total Cost Units Unit Cost $2,304 $72 32 Beginning Inventory 10 Sale No. 1 2,240 80 28 Purchase No. 1 32 Sale No. 2 1,520 76 20 Purchase No. 2 42 $6,064 80 Totals Assuming Ramos, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is: Select one: A. $2,736 B. $2,784 O C.$2,888 D. $2,960

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