Gamma uses a perpetual inventory system. Beginning inventory for the month of March was reported as 7,200 units that cost $12 each. During the month, Gamma reported the following transactions: O $120,438 O $111,600 Assuming Gamma uses a FIFO inventory costing method, what is the balance of ending inventory at March 31st? O $113,700 March 3rd March 10th O $125,550 March 12th Purchase 3,000 units at $13 Purchase 12,000 units at $13.50 Sold 12,900 units at $18

Gamma uses a perpetual inventory system. Beginning inventory for the month of March was reported as 7,200 units that cost $12 each. During the month, Gamma reported the following transactions: Assuming Gamma uses a FIFO inventory costing method, what is the balance of ending inventory at March 31st? ? $120,438 $111,600 $113,700 $125,550