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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 50 $124 Total Cost $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 LIFO periodic inventory procedures, the ending inventory cost is: Select one: A $4,320 B. 55,088 C. $4,224 D. $5,952
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