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MaCo begins operations in 20X1 and uses the periodic method and FIFO costing.In March, 20X1, MaCo buys 700 units @$4; in July, it buts 2,700

MaCo begins operations in 20X1 and uses the periodic method and FIFO costing.In March, 20X1, MaCo buys 700 units @$4; in July, it buts 2,700 units @$6, and in November, it buys !,600 @ $8.The cost of the 1,900 units in MaCo's December 31 ending inventory is...

$10,000

$15,200

$14,600

$7,600

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