Question: Use this information to answer the following question. Beginning inventory 200 units @ $6.00 Purchase-Dec. 100 units @ $12.00 A periodic inventory system is used;

Use this information to answer the following question.

Beginning inventory 200 units @ $6.00
Purchase-Dec. 100 units @ $12.00

A periodic inventory system is used; ending inventory is 147 units. What is ending inventory under FIFO?

a. $1,482
b. $1,382
c. $1,582
d. $1,282

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