Exercise 209 (Part Level Submission) Jennifer Company uses the periodic inventory system to account for inventories. Information related to Jennifer Company's inventory at October 31 is given below: October 1 8 16 24 Beginning inventory Purchase Purchase Purchase Total units and cost 405 units x $9.60 = 790 units x $10.00 = 610 units x $10.90 = 210 units x $11.50 = 2,015 units $3,888 7.900 6,649 2,415 $20.852 Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer to o decimal places, e.g. 5,275.) Ending Inventory $ Click if you would like to Show Work for this question: Open Show Work