Alphabet Company, which uses a periodic inventory system, buys different letters for resale. It buys A through G in January at $$4$ per letter. It buys H through L at $$6$ per letter. It buys M through R in March at $$7$ per letter. It sells A$,$ D$,$ E$,$ H$,$ J and N in April.

If the company uses the weighted average inventory costing method, what is the cost of its ending inventory?

Multiple Choice

$$75$

$$38$Incorrect

$$48$

$$67$