erences Dorations C Question 16 Resources D Schedule Hill Campus tebook The following information was available from the inventory records of Lily Co. for January: Balance at January 1 Units 30 5 0 Unit Cost Total Cost $10 $300 Purchases: January 6 40 14 560 January 26 50 18 900 Sales: January 7 (20) January 31 (30) 2.5 pts Assuming that Lily adopts periodic inventory system, what should be the inventory at January 31, using the FIFO method? $900 $860 $580 $1,180