Question: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an operating period. Unit Total
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an operating period. Unit Total Units Sold Units Cost Cost Beginning Inventory 32 $54 $1,728 Sale No. 1 10 Purchase No. 1 28 28 60 1,680 Sale No. 2 32 Purchase No. 2 20 57 1,140 Totals 80 $4.548 42 Assuming Quebec, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is: Select one: O A $1.989 O 8. $2,166 OC $2,088 OD. $2.220
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