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A company just starting business had the following transactions in June: Purchase June 1 2 5 0 units @ 8 . 5 0 $ 2

A company just starting business had the following transactions in June:
Purchase June 1250 units @ 8.50 $2,125
Sale June 5200 units @ 11.00 $2,200
Purchase June 10400 units @ 8.60 $3,440
Purchase June 15400 units @ 8.70 $3,480
Sale June 25650 units @ 11.00 $7,150
Purchase June 28250 units @ 8.90 $2,225
A physical count of merchandise inventory on June 30 reveals that there are 450 units on hand. Assume that no returns occurred during the month and no discounts were given.
Using the periodic inventory method calculate Ending Inventory under FIFO.
Group of answer choices
$11,270
$7,305
$3,965
$3,845

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