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K-tel Industries had the following activity with one of its inventory items during the current period: Units Unit Cost Beginning inventory 30 $8.00 Purchase December

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K-tel Industries had the following activity with one of its inventory items during the current period: Units Unit Cost Beginning inventory 30 $8.00 Purchase December 5 80 10.50 Sale December 11 (40) Purchase December 17 60 12.00 Sale December 26 (70) Using a perpetual inventory system and the FIFO cost formula, the ending inventory was valued at $500. $625. O $720. $825

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