Item2 5 points eBookReferencesCheck my workCheck My Work button is now enabled1Item 2 Exercise 8.7 (Algo) Costing Inventory in a Periodic System (LO 8-4) Rogers Products uses a periodic inventory system. The companys records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as follows. Jan. 1 Beginning inventory 13 units @ $ 3.00 $ 39.00 Feb. 23 Purchase 16 units @ $ 3.50 56.00 Apr. 20 Purchase 25 units @ $ 3.80 95.00 May 4 Purchase 43 units @ $ 4.00 172.00 Nov. 30 Purchase 20 units @ $ 5.00 100.00 Totals 117 units $ 462.00 A physical count indicates 24 units in inventory at