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

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Ramos, Inc. for an operating period Unit CostTotal Cost $2.304 Units Units Sold $72 Beginning Inventory Sale No.1 Purchase No. 1 10 28 80 2.240 Purchase No. 2 76 1.520 Totals Assuming Ramos, Inc. uses the LIFO perpetual inventory procedures, sale no. 2 is recorded as an entry to Cost of Goods Sold for: Select one G/tIA $2.480 B.$2.528 C$2.304 Ds2.384 Next page

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