Multiple Choice Question 112 Bonita Industries uses the periodic Inventory system. For the current month, the beginning inventory consisted of 500 units that cost $60 each. During the month, the company made two purchases: 700 units at $63 each and 300 units at $65 each. Bonita Industries also sold 1200 units during the month. Using the average cost method, what is the amount of ending inventory? $19500 $74880 $74100 $18720