End Time: 07:40 AM / Remaining: 41 min. Exercise 209 (Part Level Submission) Jennifer Company uses the periodic inventory system to account for inventories. Information related to Jennifer Company's inventory at October 31 is given below: October 1 8 16 24 Beginning inventory Purchase Purchase Purchase Total units and cost 405 units x $9.60 = 790 units x $10.00 = 610 units x $10.90 = 210 units x $11.50 = 2,015 units $3,888 7,900 6,649 2,415 $20,852 Your answer is correct. Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer to o decimal places, e.g. 5,275.) Ending Inventory 5,57 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER (b) Value the ending inventory using the weighted average cost method if 500 units remain on hand at October 31. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answer to o decimal places, e.g. 2,520.) Ending Inventory