A company had the following purchases during its first year of operations: January February: May: September: November: Purchases 10 units at $120 20 units at $125 15 units at $130 12 units at $135 10 units at $140 On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory? Multiple Choice $3,540. $3,445. Multiple Choice $3,540. $3,445. $3,405. $3,200