A company has beginning inventory of 38 units at a cost of $12.00 each on October 1. On October 5, it purchases 25 units at $13.00 per unit. On October 12 it purchases 35 units at $14.00 per unit. On October 15, it sells 75 units. Using the FIFO periodic Inventory method, what is the value of the inventory at October 15 after the sale? Perfection Company had cost of goods sold of $853,000, ending inventory of $70,500, and average inventory of $71,600. Its inventory turnover equals: Multiple Choice