Question: Question 5 (3 points) Saved The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Thurston Howell

Question 5 (3 points) Saved The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Thurston Howell Company for an operating period. Units Sold Units on Hand 20 40 10 100 20 90 Units Unit Cost Total Cost Beginning Inventory Purchase No. 1 Sale No. 1 Purchase No. 2 Sale No. 2 Purchase No. 3 $116 20 124 90 128 20 $ 2.320 2.480 11,520 -10 08 30 80 144 $26.400 Totals 200 Assuming Thurston Howell Company uses FIFO PERPETUAL inventory procedures, sale No. 1 is recorded as an entry to Cost of Good Sold for

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