Coronado Company's inventory records show the following data:

		Units	Unit Cost
Inventory:	January 1	10300	$9.40
Purchases:	June 18	9100	7.00
	November 8	6500	8.00

A physical inventory on December 31 shows 3600 units on hand. Coronado sells the units for $13 each. The company has an effective tax rate of 22%. Coronado uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at

$25200

$36500

$33840

$28800

A company just starting business made the following four inventory purchases in June:

June 1

120 units

$420

June 10

150 units

600

June 15

150 units

570

June 28

200 units

270

Coronado Company's inventory records show the following data:

		Units	Unit Cost
Inventory:	January 1	10300	$9.40
Purchases:	June 18	9100	7.00
	November 8	6500	8.00

A physical inventory on December 31 shows 3600 units on hand. Coronado sells the units for $13 each. The company has an effective tax rate of 22%. Coronado uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at

$25200

$36500

$33840

$28800

A company just starting business made the following four inventory purchases in June:

June 1	120 units	$420
June 10	150 units	600
June 15	150 units	570
June 28	200 units	270