01 40 27 The following Information for Year 2 is taken from the accounts of Tuttle Company The company uses the periodic Inventory system Inventory December 31 Year 1 Purchases Purchase returns and allowances Purchase discounts Freight on goods purchased under terms FOB shipping point Freight on goods sold under terms FOB destination Cost of goods sold Based on this information what is the Inventory as of December 31 Year 22 Multiple Choice 28 320 20 920 19 240 8 800 40 800 680 480 1 680 880 29 200