Question: Question 1 (2 points) ABC Co. Ltd. sells only one product. At the beginning of the year. ABC. Co had 16000 units of inventory at

Question 1 (2 points) ABC Co. Ltd. sells only one product. At the beginning of the year. ABC. Co had 16000 units of inventory at $ 2 per unit. During the year ABC. Co. Ltd, sold 6000 of product at $ 22 per unit. During the year, ABC Co. Ltd. purchased 8000 units of product at $ 9 per unit. How much is the total value of inventory at the end of the year if ABC. Co. Ltd. uses the FIFO method of inventory valuation? Your

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