Question: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ramos, Inc. for an operating period. Units Unit
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ramos, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory $72 $2,304 Sale No. 1 10 Purchase No. 1 80 2,240 Sale No. 2 32 Purchase No.2 20 1,520 Totals 80 $6.064 42 Assuming Ramos, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is: Select one: A. $2,880.40 B. $2,884.00 C. $2,888.00 D. $3,189.60 76 32 28
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