The following data represent the beginning inventory and, in the order of occurrence, the purchases and...

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The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Thurston How

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Answer 1

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Particulars	Purchase			Sale ( at cost )			Balance
	Units	Unit cost	Total cost	Units	Unit cost	Total cost	Units	Unit cost	Total cost
Beginning inventory							20	116	2320

Purchase No. 1	20	124	2480				40	120	4800

Sales No. 1				30	120	3600	10	120	1200

Purchase No. 2	90	128	11520				100	127.2	12720

Sale No. 2				80	127.2	10176

Answer : $10,176 [ Option A ]

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