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17) SBA Inc. uses wood (raw material) for its production line #2. Its beginning inventory on January 1st, 2020, Is 300 units purchased at $200.

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17) SBA Inc. uses wood (raw material) for its production line #2. Its beginning inventory on January 1st, 2020, Is 300 units purchased at $200. SBA Inc has purchased during 2020 the following items: February 1st: 450 units at $150 per unit July 1st: 190 units at 5175 per unit December 1st: 135 units at $200 per unit SBA Inc. has sold during 2020 the following items: . April 1: 275 units October 1: 500 units Required: Using the FIFO method, what will be the total amount of Ending inventory on July 1st, 2020. Select 118.25pts) O 5119,500 560,000 555.875 5105,750

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