ABC Co, Ltd. sells only one product. At the beginning of the year, ABC. Co. had 12000 units of inventory at $2 per unit. During the year ABC. Co. Ltd. sold 9000 of product at $20 per unit. During the year, ABC Co. Ltd. purchased 8000 units of How much is the total value of inventory at the end of the year if ABC. Co. Ltd. uses the FIFO method of inventory valuation in a periodic system? product at $7 per unit.