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B MC Qu. 7.76 (Algo) Alphabet Company, which uses the... Aphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had

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B MC Qu. 7.76 (Algo) Alphabet Company, which uses the... Aphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no eginning inventory. It purchased A thru G in January at $3.00 per letter. In February, it purchased H thru L at $5.00 per etter. It purchased, M thru R in March at $6,00 per letter. It sold A,D,E,H,J and N in October. There were no additional ourchases or sales during the remainder of the year. Alphabet Company uses the LIFO method, what is the cost of its ending inventory? Muitiple Choice $4600 $6100

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