QUESTION 39 The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Mulligan Company for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 2 0 $58 $1,160 Purchase No. 1 20 621,240 - Sale No. 1 Sale No. 1 Purchase No. 2 64 5,760 Sale No. 2 Purchase No. 3 20 5.040 Totals $13,200 200 Assuming Mulligan Company uses weighted average (perpetual) inventory procedures, sale no. 2 is recorded as an entry to Cost of Goods Sold for: OA. $5,120 OB. $5,100 C. $5,088 OD. $5,280