Bonita Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 475 units that cost $64 each. During the month, the company made two purchases: 720 units at $67 each and 358 units at $69 each. Bonita Industries also sold 1195 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.)

$23821.

$24702.

$78640.

$79515.

Sheridan uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $11.00 each. During the month, the company made two purchases: 3100 units at $12.00 each and 12100 units at $12.50 each. Sheridan also sold 13000 units during the month. Using the LIFO method, what is the ending inventory?

$120000.

$105600.

$107800.

$114624.