6. Axle Inc. updates its inventory perpetually. Its beginning inventory is $35,000, goods purchased during the period cost $120,000, and the cost of goods sold for the period is $140, What is the amount of the ending inventory? A) $45,000 B) $20,000 C) $25,000 D) $15,000 7. AAA Co. uses a periodic inventory system and has the following information in regard to its inventory Beginning inventory200 units @15 3,000 Purchase on January 25 300 units@16 4,800 Purchase on March 15 200 units @ 17 Purchase on October 2 400 units@18 .200 Goods available for sale 3,400 $18,400 There are 500 units in ending inventory. What is the amount of the ending inventory using the FIFO method? A) $3,000 B) $7,200 C) $7,800 D) $8,900