Question: AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 350 units @ 16 $5,600 Purchase

AAA Co. uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 350 units @ 16 $5,600 Purchase on January 25 450 units @ 17 7,650 Purchase on March 15 350 units @ 18 6,300 Purchase on October 2 550 units @ 19 10,450 Goods available for sale $30,000 There are 750 units in ending inventory. What is the amount of the ending inventory using the FIFO method?

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