The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Petroni, Inc. for an operating period.
Units Unit Cost Total Cost Units Sold
Beginning Inventory
50
$124
$6,200
Sale No. 1
40
Purchase No. 1
30
100
3,000
Sale No. 2
32
Purchase No. 2
40
88
3,520
Totals
120
$12,720
72
Assuming Petroni, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:
Select one:
? ?. $4,224
B. $4,320
C. $5,088
D. $5,952