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During June, the following changes in inventory item A took place: June 1 Balance 1,400 units @ $24 14 Purchased 900 units @ $36 24

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During June, the following changes in inventory item A took place: June 1 Balance 1,400 units @ $24 14 Purchased 900 units @ $36 24 Purchased 700 units @ $30 8 Sold 400 units @ $50 10 Sold 1,000 units @ $40 29 Sold 500 units @ $44 Perpetual inventories are maintained in units only. Instructions What is the cost of the ending inventory for item A under the FIFO

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