-- 15 Question 14 A company has 300 units of inventory at year end 31 December 2017 valued at 13,500. During the year to 31 December 2018 the following transactions occur: Jan March June July November Purchased 400 units @ 50 each Sold 500 units Purchased 200 units @ 52 each Sold 100 units Purchased 50 units @ 55 each What is the value of the Inventory at 31 December 2018 using a FIFO valuation? 17,729 2 18,150 3 16,000 4 17,189