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The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Thurston Howell Company for an operating period.
The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Thurston Howell Company for an operating period. Units Units Units Unit Cost Total Cost Sold on Hand Beginning Inventory $116 $2,230 20 Purchase No. 1 124 2,480 Sale No. 1 Purchase No. 2 11,520 Sale No. 2 Purchase No. 3 144 10,080 Totals 200 $26,400 110 128 Assuming Thurston Howell Company uses weighted average (perpetual) inventory procedures, sale no. 2 is recorded as an entry to cost of Goods Sold for: A. $10,176 OB. $10,200 OC. $10,560 O D. $10,240
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