Alpha Company is a wholesaler of office supplies. The FIFO inventory method is used. The entity reported the following activity for inventory of calculators during the month of August: Units Unit Cost August 1 Beginning inventory 20,000 P 36.00 7 Purchase 30,000 37.20 12 Sale 36,000 21 Purchase 48,000 38.00 22 Sale 38,000 29 Purchase 16,000 38.60 What is the ending inventory on August 31? O P1,501,600 O P1,500,800 P1,529,600 P1,522,880