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