PB$7-1($Algo$)$ Analyzing the Effects of Four Alternative Inventory Methods in a Periodic Inventory System $[$LO $7-3]$

Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the accounting period, January $31.$ The inventory's selling price is $$14$ per unit.

$\backslash$table$[[$Transactions$,$Unit,,$],[$Cost$,$Units,Total Cost,$],[$Inventory$,$ January $1,$$$5\mathrm{.}00,190,$$$950$