A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: November 5: November 8: November 16: November 19: Beginning inventory Purchased Purchased Sold Purchased 120 units @ $30 120 units @ $30 70 units @ $30 206 units @ $145 115 units @ $35 Using the weighted average inventory method, the company's ending inventory would be: Multiple Choice $3,600 $7,625 $6,125 $9,725