AAA Company uses a periodic inventory system and has the following information regarding its inventory: Beginning inventory Purchase on January 25 Purchase on March 15 Purchase on October 2 Goods available for sale 250 units @ 14 350 units @ 15 250 units @ 16 450 units @ 17 $ 3,500 5,250 4,000 7,650 $ 20,400 There are 550 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multiple Choice $9,250 $8,750 $7,650