QUESTION 10 Amber, Inc. uses a periodic inventory system. The purchases of a particular product during the year are shown below Jan. 1 Feb. 7 July 10 Nov. 25 Beginning inventory 1,100 units $7.25 S 7975 Purchase Purchase Purchase Total 1.450 units a $7.50 1,600 units $8.00 1000 units @ $8.50 8.500 150 10,875 12.800 On December 31, the ending inventory consisted of 1,500 dnits Refer to the information above. Compute the cost of the ending inventory based on the LIFO method of inventory valuation O $12,500 ? s27650 O $10,975 O $29,175