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Bobcat Corporation uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 250 units @ 20 Purchase on

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Bobcat Corporation uses a periodic inventory system and has the following information in regard to its inventory: Beginning inventory 250 units @ 20 Purchase on January 25 350 units 21 Purchase on March 15 250 units @ 22 Purchase on October 2 450 units 23 Goods available for sale $5,000 7,350 5,500 10.350 $28.200 There are 650 units in ending inventory. What is the amount of the ending inventory using the FIFO method? Multiple Choice O $10.350 O 55.000

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