The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Petroni, In Beginning Inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals Select one: OA. $4,992 O Units Unit Cost Total Cost Units Sold 50 $124 $6,200 B. $5,088 C. $4,512 D. $4,368 30 40 120 100 88 3,000 40 32 Assuming Petroni, Inc. uses weighted-average (perpetual) inventory procedures, the ending inventory cost is: 3,520 $12,720 72
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Petroni, In Beginning Inventory Sale No. 1 Purchase No. 1 Sale No. 2 Purchase No. 2 Totals Select one: OA. $4,992 O Units Unit Cost Total Cost Units Sold 50 $124 $6,200 B. $5,088 C. $4,512 D. $4,368 30 40 120 100 88 3,000 40 32 Assuming Petroni, Inc. uses weighted-average (perpetual) inventory procedures, the ending inventory cost is: 3,520 $12,720 72
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Vishnu
![The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Petroni, In
Beginning Inventory
Sale No. 11
Purchase No. 1
Sale No. 2
Purchase No. 2
Totals
Units Unit Cost Total Cost Units Sold
50
$124 $6,200
Select one:
O A. $4,992
OB. $5,088
O C. $4,512
D. $4,368
30
40
120
100
88
3,000
40
32
3,520
$12,720 72
Assuming Petroni, Inc. uses weighted-average (perpetual) inventory procedures, the ending inventory cost is:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02abe3f7-743e-40de-a685-73af034628f0%2F9c592fb7-de80-420a-b689-c9757cfa9199%2F7bzazps_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Petroni, In
Beginning Inventory
Sale No. 11
Purchase No. 1
Sale No. 2
Purchase No. 2
Totals
Units Unit Cost Total Cost Units Sold
50
$124 $6,200
Select one:
O A. $4,992
OB. $5,088
O C. $4,512
D. $4,368
30
40
120
100
88
3,000
40
32
3,520
$12,720 72
Assuming Petroni, Inc. uses weighted-average (perpetual) inventory procedures, the ending inventory cost is:
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