Problem 1: Inventory Valuation Methods (15 points) Forbes Merchandising Company had the following activity in the month of September: Total Cost S 52,500 264,000 126,000 236.250 Beginning inventory Sept. 8 purchase Sept. 17 purchase Sept. 25 purchase Units 15,000 60,000 30,000 45.000 Unit Cost S3.50 4.40 4.20 5.25 Total On September 20, there were 90,000 units sold for $8.25 each. a) What would be the value of the ending inventory if Forbes uses a weighted average inventory valuation method and uses the perpetual system of inventory