Alphabet Company purchases different letters for resale. Alphabet had no beginning inventory. It purchased Athru Gin January at $4 per lettet, In February, it purchased H thru L at $6 per letter. It purchased M thru R In March at $7 per letter. It sold A.D.E. H. J and N in October. There were no additional purchases of sales during the remainder of the year If Alphabet Company uses the average cost method, what is the cost of its ending inventory? (round the per unit cost to two decimal places and then round your answer to the newest whole dollar) Multiple Choice $38 $48 $67 $75