$1.[0/1$ Points$]$

BRECMBC$916.$I$\mathrm{.}003.$MI$.$

The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets:

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$r$|$r$|$r$|\}$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$l$|\}\{$ Date $\}$ & Qty & Cost & Total Cost $\backslash \backslash$

$\backslash$hline January $1$ & Beginning Inventory & $400$ & $\backslash (\backslash$$ $48\backslash )$ & $\backslash (\backslash$$ $19,200\backslash )\backslash \backslash$

$\backslash$hline February $14$ & Purchase & $150$ & $41$ & $6,150\backslash \backslash$

$\backslash$hline July $13$ & Purchase & $250$ & $52$ & $13,000\backslash \backslash$

$\backslash$hline September $2$ & Purchase & $400$ & $67$ & $26,800\backslash \backslash$

$\backslash$hline October $8$ & Purchase & $200$ & $60$ & $12,000\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$r$|\}\{$ Total available for sale $\}$ & $1,400$ & & $\backslash (\backslash$$ $77,150\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

If $905$ jackets were on hand on December $31,$ find the value $($in $\backslash$$$)$ of the ending inventory using the FIFO method of inventory pricing? $\backslash$$

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