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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Purr-A-Lot, Inc. for an operating period. Units Sold
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Purr-A-Lot, Inc. for an operating period. Units Sold Units Unit Cost Total Cost 50 $124 $6,200 40 30 100 3,000 Beginning inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals 32 88 40 120 3.520 $12.720 72 Assuming Purr-A-Lot, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is: Select one: A54,320 B. 54,114 C 54,80 D. 55,952
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