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

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Meow, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 50 $62 $3,100 Sale No. 1 Purchase No. 1 30 50 1,500 Sale No. 2 Purchase No. 2 44 1,760 Totals $6,360 40 120 Assuming Meow, Inc, uses LIFO perpetual inventory procedures, the ending inventory cost is: A $2,160 B. $2,976 C. $2,256 D. $2,112

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