A company had the following purchases and sales during its first year of operations: 10 units at $120 20 units at $125 15 units at $138 12 units at $135 6 units 5 units 9 units 8 units 13 units 18 units at $140 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the inventory? (Assume all sales were made on the last day of the month.) $3,405 O $3,200. $3,540. $3,270. QUESTION 5 Each adjusting entry will affect a balance sheet account. O True False Click Save and Submit to save and submit. Click Save All