Question 1 Bly Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows Units Por unition Total Balance, 1/1/20 200 $5.00 $1,000 Purchase, 1/15/20 100 5.30 530 Purchase 1/20/20 100 5.50 550 An end of the month (1/31/20) Inventory showed that 150 units were on hand. If the company es FIFO, what is the value of the ending inventory? Atos $615 BB $750 $850 CD