Question: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period. Units Unit

The following data represent the beginning inventory and, in order of

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period. Units Unit Cost Total Cost Units Sold 30 $28 $ 840 Beginning Inventory Sale No. 1 Purchase No. 1 20 50 40 2,000 Sale No. 2 40 20 44 Purchase No. 2 Totals 880 $3,720 118 6 100 Assuming Delacour, Inc. uses FIFO perpetual inventory procedures, it records sale no. 2 as an entry to cost of Goods Sold for: Select one: O A. $1,480 O B. $1,680 O C. $1,600 D. $1,120

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