Inventory data for Newman & Frith Merchandisers, Inc., is provided here. Sales for the period were 2,800 units. Each sold for $8. The company maintains a periodic inventory system. Date Number of Units Unit Cost Total Cost January Beginning inventory 1,000 $3.00 $ 3,000 February Purchases 600 $3.50 $ 2,100 March Purchases 800 $4.00 $ 3,200 April Purchases 1,200 $4.25 $ 5,100 Totals 3,600 $13,400 2. Determine the ending inventory assuming the company uses the FIFO cost flow method