Question: AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on
AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 Goods available for sale 450 units @ 16 550 units @ 17 450 units @ 18 650 units @ 19 $ 7,200 9,350 8,100 12,350 $37,000 There are 800 units in ending inventory. What is the amount of the ending inventory using the FIFO method
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