AAA Company uses a periodic inventory system and has the fol…
AAA Company uses a periodic inventory system and has the following information regarding its inventory: Beginning inventory 250 units @ 20 $ 5,000 Purchase on January 25 350 units @ 21 7,350 Purchase on March 15 250 units @ 22 5,500 Purchase on October 2 450 units @ 23 10,350 Goods available for sale $ 28,200 There are 650 units in ending inventory. What is the amount of the ending inventory using the FIFO method?