Alpha Furniture purchases cabinets from local suppliers and sells them to customers through its nationwide showrooms. Calculate the value of Ending Inventory under FIFO method. On March 1 2016, Alpha Furniture had opening inventory of 45 cabinets with a cost of $45 cach. During the month of March 2016, the following purchases were made 3rd March 35 cabinets @ $440 each 14 March 25 cabinets @ $460 each 22nd March 55 cabinets @ $430 each 28h March 50 cabinets @ 445 each During the month of March 2016, 160 cabinets were sold to the customers. $50 $20250 $93050 $22250 Alpha Furniture purchases cabinets from local suppliers and sells them to customers through its nationwide showrooms. Calculate the value of Ending Inventory under FIFO method. On March 1 2016, Alpha Furniture had opening inventory of 45 cabinets with a cost of $45 cach. During the month of March 2016, the following purchases were made 3rd March 35 cabinets @ $440 each 14 March 25 cabinets @ $460 each 22nd March 55 cabinets @ $430 each 28h March 50 cabinets @ 445 each During the month of March 2016, 160 cabinets were sold to the customers. $50 $20250 $93050 $22250