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14. Use this inventory information for the month of May to answer the following question. May 1 Beginning inventory 7 Purchase 18 Sale 22 Purchase

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14. Use this inventory information for the month of May to answer the following question. May 1 Beginning inventory 7 Purchase 18 Sale 22 Purchase 20 units @ $20 70 units @ $25 40 units 20 units @ $15 Assuming that a periodic inventory system is used, what is ending inventory (rounded) under the average-cost method? . $1088.8 OB. $890.8 OC. $2,0043 OD. $1,558.9

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