The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Cox, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 32 $72 $2,304 Sale No. 1 10 Purchase No. 1 28 80 2, 240 Sale No. 2 32 Purchase No . 2 20 76 1,520 Totals 80 $6,064 42 Assuming Cox, Inc. uses weighted - average (periodic) inventory procedures, the ending inventory cost is: Select one: A. $2,888.00 B. $2,880.40 C. $2,884.00 D. $3,189.60

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Cox, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 32 $72 $2,304 Sale No. 1 10 Purchase No. 1 28 80 2, 240 Sale No. 2 32 Purchase No . 2 20 76 1,520 Totals 80 $6,064 42 Assuming Cox, Inc. uses weighted - average (periodic) inventory procedures, the ending inventory cost is: Select one: A. $2,888.00 B. $2,880.40 C. $2,884.00 D. $3,189.60

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Description: The following data represent the beginning inventory and, in order ofoccurrence, the purchases and sales of Cox, Inc. for an operating period.Units Unit Cost Total Cost Units Sold Beginning Inventory 32 $72 $2,304 SaleNo. 1 10 Purchase No. 1 28 80 2

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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