Foxy Co. uses the perpetual inventory system. Foxy Co. reported the following information related to beginning inventory and inventory purchases: Beginning Inventory 1,000 units @ $7.20 each January 10th Purchase 600 units @ $7.25 each January 16th Purchase 800 units @ $7.30 each January 23rd Purchase 600 units @ $7.35 each The Foxy Co. reported the following sales during the month of January: January 5th 400 units January 14th 700 units January 20th 500 units January 26th 700 units Question: The ending inventory assuming FIFO is Question 10 options: C 1) $5,140. ( 2) ( 3) $5,080. $5,060