rce Completion This test can be saved and resumed later. Your answers are saved automatically. uestion Completion Status: 5 points QUESTION 1 Save Answer The following units of a particular item were available for sale during the year: 150 units @ $755 Beginning inventory 120 units @ $925 Sale 400 units @ $785 First purchase 200 units @ $925 Sale 300 units @ $805 Second purchase 290 units @ $925 Sale The firm uses the perpetual inventory system and there are 240 units of the item on hand at the end of the year. What is the total cost of ending inventory according to LIFO? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI S Paragraph Arial 10pt EA M