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Aldi Company's beginning inventory on January 1, 2023 consisted of 1,000 units costing $1.80 per unit. Purchases for the year ending December 31, 2023 were

image text in transcribed Aldi Company's beginning inventory on January 1, 2023 consisted of 1,000 units costing $1.80 per unit. Purchases for the year ending December 31, 2023 were as follows: Sales during the period consisted of 8,200 units at a selling price of $5.10 per unit. Assuming the use of the FIFO inventory costing method, the ending inventory would be

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