Alphabet Company, which uses the periodic inventory method, purchases different letters for resale Alphabet had no beginning inventory. It purchased A thru G in January at $1100 per letter. In February, it purchased thru L at $13.00 per letter. It purchased M thru R in March at $14.00 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 If Alphabet Company uses the specific identification method, what is the cost of its ending inventory? Multiple Choice 5181 566 $226 05153