A company has the following purchases and sales during October. Using the FIFO periodic inventory method, what is the value of the inventory on October 15 after the sale? Units Sold at Retail Date October 1 October 5 October 12 October 15 Activities Beginning inventory Purchase Purchase Sales Units Acquired at Cost 15 units @ $25 = $375 10 units @ $26 = $260 20 units @ $27 = $540 30 units sold Multiple Choice O $270 O $225 $405 a O $705 O $1,175