Question: AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 300 units @ 20 $6,000 Purchase

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

Beginning inventory 300 units @ 20 $6,000
Purchase on January 25 400 units @ 21 8,400
Purchase on March 15 300 units @ 22 6,600
Purchase on October 2 500 units @ 23 11,500
Goods available for sale $32,500

There are 700 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

A.$6,000

B.$11,500

C$14,400

D.$15,900

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