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 40 Purchase No. 1 30 50 1,500 Sale No. 2 32 Purchase No. 2 40 44 1,760 __ Totals 120 $6,360 72 Assuming Meow, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is: Select one: A. $2,160 B. $2,544 C. $2,184 D. $2,496
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