Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning inventory. It purchased A thru Gin January at $5.00 per letter. In February, it purchased thru L at $700 per letter. It purchased M thru R in March at $8.00 per letter. It sold A. D. E, H, J and N in October. There were no additional purchases or sales during the remainder of the year. M Alphabet Company uses the LIFO method, what is the cost of its ending inventory? Multiple Choice $48.00 O $30.00 $9100 57000