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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Las Lemus, Inc. for an operating period. Units

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Las Lemus, Inc. for an operating period.

Units

Unit Cost

Total Cost

Units Sold

Beginning Inventory

32

$36

$1,152

Sale No. 1

10

Purchase No. 1

28

40

1,120

Sale No. 2

32

Purchase No. 2

20

38

760

Totals

80

$3,032

42

Assuming Las Lemus, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is:

A.

$1,444.00

B.

$1,594.80

C.

$1,442.00

D.

$1,440.20

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