Question: AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 300 units @ 15 $4,500 Purchase

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

Beginning inventory 300 units @ 15 $4,500
Purchase on January 25 400 units @ 16 6,400
Purchase on March 15 300 units @ 17 5,100
Purchase on October 2 500 units @ 18 9,000
Goods available for sale $25,000

There are 650 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

A. $9,000

B. $10,900

C. $11,550

D. $4,500

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