USE The following data represent the beginning inventory and, in the order of occurrence, the purchases and sales of Mullenax Company for an operating period. Unit Cost Units Sold Units 20 20 $87 Total Cost $ 1,740 1,860 93 30 90 96 8,640 Beginning Inventory Purchase No. 1 Sale No. 1 Purchase No. 2 Sale No. 2 Purchase No. 3 Totals 80 108 70 200 7.560 $19.800 110 3. Assuming Mullenax Company uses FIFO periodic inventory system, the ending inventory cost is: A) $9.720 B) $8,400 C) $9.480 D) $7,560 4. Assuming Mullenax Company uses LIFO periodic inventory procedures, the ending inventory cost is: A) $7,380 B) $9,480 C) $9,390 D) $8,400