estion 19 of 33 () -15 E Torrey Company uses the periodic inventory system to account for inventories Information related to Torrey Company's invertory at October 31 is given below: October 1 Beginning inventory 400 units @ $10.00 = $4,000 8 Purchase 800 units @ $10.40 = 8.320 16 Purchase 600 units @ $10.80 = 6,480 24 Purchase 200 units @ $11.60 = 2320 Total units and cost 2,000 units $21,120 (a) Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. Ending Inventory $ Attempt