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

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Wood, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 50 $93 $4,650 Sale No. 1 40 Purchase No. 1 30 75 2,250 Sale No. 2 32 Purchase No. 2 40 66 2,640 __ Totals 120 $9,540 72 Assuming Wood, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is

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