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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 Unit

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

Units

Unit Cost

Total Cost

Units Sold

Beginning Inventory

32

$72

$2,304

Sale No. 1

10

Purchase No. 1

28

80

2,240

Sale No. 2

32

Purchase No. 2

20

76

1,520

Totals

80

$6,064

42

Assuming Ramos, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:

Select one:

A. $2,360

B. $2,632

C. $2,784

D. $2,888

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