The following data represent the beginning inventory and, in order of occurrence, the purchases and sales Beginning Inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals Select one: A. $4,464 B. $3,168 C. $3,816 Units Unit Cost Total Cost D. $3,240 50 30 40 120 $93 75 66 $4,650 2,250 Units Sold 40 32 Assuming Wood, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is: 2,640 $9,540 72 -

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 10PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...
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The following data represent the beginning inventory and, in order of occurrence, the purchases and sales c
Beginning Inventory
Sale No. 1
Purchase No. 1
Sale No. 2
Purchase No. 2
Totals
Select one:
O
A. $4,464
B. $3,168
Units Unit Cost Total Cost
C. $3,816
D. $3,240
50
30
40
120
$93 $4,650
75
66
2,250
2,640
$9,540
Units
Sold
40
Assuming Wood, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:
32
72
Transcribed Image Text:The following data represent the beginning inventory and, in order of occurrence, the purchases and sales c Beginning Inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals Select one: O A. $4,464 B. $3,168 Units Unit Cost Total Cost C. $3,816 D. $3,240 50 30 40 120 $93 $4,650 75 66 2,250 2,640 $9,540 Units Sold 40 Assuming Wood, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is: 32 72
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