Alphabet Company, which uses the periodic invatory method, purchases different letters for resale. Alphabet had no beginning inveutory. It purchased A thru G in January at 3.50 per letter. In Feb., it purchased H thru C at $5.50 per letter. It purchased M thru R in March at 6.50 per letter. It sold A, Di E, H, T, +N in detober. There were no additional purchases or sales. If this comp. uses the FIFO method, What is the cost of its ending inveutory? a.) 121 c) $52 b.)$39d.$70