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On January 1, 2019, Joyce Inc. purchased 25% of Potato Chips for Purchase price 38 Sales Cost of sales 2019 150,000 25.00% 2020 175,000 26.00%

On January 1, 2019, Joyce Inc. purchased 25% of Potato Chips for Purchase price 38 Sales Cost of sales 2019 150,000 25.00% 2020 175,000 26.00% 2021 200,000 23.00% Inventory carry over averages 28%, Potato uses the FIFO system for inventort Required: Calculate the balance in the Inventory account of Potato as at December 31, 2021

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