Question: AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 350 units @ 14 $4,900 Purchase

AAA Co. uses a periodic inventory system and has the following information in regard to its inventory:

Beginning inventory 350 units @ 14 $4,900
Purchase on January 25 450 units @ 15 6,750
Purchase on March 15 350 units @ 16 5,600
Purchase on October 2 550 units @ 17 9,350
Goods available for sale $26,600

There are 850 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

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