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 $6.50 per letter. In February, it purchased thru L at $8.50 per letter. It purchased M thru R in March at $9.50 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 FIFO method, what is the cost of its ending inventory? 18:51 Multiple Choice $57 $39 $88 o $106 la > 14 MacBook Pro c G Search or type URL $ & % 5 6. 7 8 9 0