QUESTION 2 Use the following data for the next 4 questions VU Co. uses a periodic inventory system. The beginning inventory and purchases of a particular product during the year are shown below: Total Cost Date Jan. 1 Apr. 18 Aug. 10 Oct. 2 Item Beginning inventory Purchase Purchase Purchase Goods Available for Sale Units 600 500 700 Price $9.00 $9.50 $10.00 $10.25 $5,400 4,750 7,000 2,050 $19,200 2,000 Sales during the year consisted of 1,100 units at $20 each. Refer to the above data. Compute the cost of the ending inventory based on the LIFO method of inventory valuation. A. $10,950 OB. $9,050 c. $10,150 OD. $8,250 QUESTION 3 Click Save and Submit to save and submit. Click Save All Answers to save all answers - IX