Question: QUESTION 15 The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Meow, Inc. for an operating period.

QUESTION 15 The following data represent the beginning inventory and, in

QUESTION 15 The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Meow, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory $62 $3,100 Sale No. 1 Purchase No. 1 50 1,500 Sale No. 2 Purchase No. 2 1.760 Totals $6.360 Assuming Meow, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is: A. $2,976 B. $2,112 OC. $2,400 OD. $2,160

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