Madison Outlet has the following inventory transactions for the year: Date Jan. 1 Mar. 14 Transaction Beginning inventory Purchase Numbers of Units 10 15 Unit Cost $ 200 300 Total cost $2,000 4,500 $6,500 Jan. 1 - Dec. 31 Total sales to customers 12 What amount would Madison report for ending inventory using FIFO? Multiple Choice $3,600 $2,900. $2,600. $3,900. Madison Outlet has the following inventory transactions for the year: Date Jan. 1 Mar. 14 Transaction Beginning inventory Numbers of Units 10 15 Unit Cost $ 200 300 Purchase Total cost $2,000 4,500 $6,500 Jan. 1 - Dec. 31 Total sales to customers 12 What amount would Madison report for ending inventory using FIFO? Multiple Choice $3,600. $2.900 $2.500 $3,900