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USE THE FOLLOWING INFORMATION FOR QUESTIONS 23-32. The following data represent the beginning inventory and in order of occurrence the purchases and sales of Quebec,

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USE THE FOLLOWING INFORMATION FOR QUESTIONS 23-32. The following data represent the beginning inventory and in order of occurrence the purchases and sales of Quebec, Inc. for an operating period Uns Unit Cost Units Sold Total Con 51.728 10 Beginning inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals FIFO periodic inventory procedures, the ending inventory cost is 29. Assuming Quebec, Inc. A) 52.052 B) $2.088 C) $2,166 D) $2,220 30. Assuming Quebec, Inc. uses LIFO periodic inventory procedures, the ending inventory costi A 51.909 B) $2.088 C) $2,166 D) $2,220 31. Assuming Quebec, Inc. uses weighted average periodichnetory procedures, the ending inventory A) 52.160.30 B) $2,163.00 C) $2.166.00 D) $2,392.20 32. Assuming Quebec, Inc uses the FIFO perpetual inventory procedures, records sale No2 as an entry to cost of Goods Sold for A) $1,728 B) $1,788 C) $1,860 D) $1.896 33. The following data refer to Montgomery Company's ending invertory The Code Quantity Unit Cou n t Market Smal $152 Medium Large 200 Edra Large 216 212 the lower-of-cost ornet realizable value rule is applied to the total How much is ending inventory Inventory? A) $35, 740 B) $35.220 C) $37,380 D) $35 256

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