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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:
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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