Given the following sale and purchasing information, what is the ending iinventory, if the periodic FIFO costing alternative is used? The beginning inventory on hand was 100 units at $1 each. 1st Purchase 2nd Purchase 3rd Purchase 4th Purchase Total units purchased 2,700 1st Sale 2nd Sale 3rd Sale 4th Sale Total units sold $400 $500 $1,250 700 units @ $2 1,000 units @ $3 500 units @ $4 500 units @ $5 $3,100 400 units @$7 750 units @$8 500 units @$9 500 units @$10 2,150

Given the following sale and purchasing information, what is the ending inventory, if the periodic FIFO costing alternative is used? The beginning inventory on hand was 100 units at $1 each. 1stSale2ndSale3rdSale4thSaleTotalunitssold$400$500$1,250$3,100400units@$7750units@$8500units@$9500units@$10 1st Sale 400 units @\$7 2nd Sale 750 units (i)58 3rd Sale 500 units 3$9 4th Sale 500 units Q$10 Total units sold Totalunitssold$400$500$1,2502,150 $3,100