Question: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Purr-A-Lot, Inc. for an operating period. Units Sold

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 Purr-A-Lot, Inc. for an operating period. Units Sold Units Unit Cost Total Cost 50 $124 $6,200 40 30 100 Beginning inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals 3,000 32 88 40 120 3.520 $12.720 22 Assuming Purr A lot in uses FIFO perpetual inventory procedures, the ending inventory cost is: A 54,800 CS4,320 0.14224

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