Question 10 The following units of an inventory item were available for sale during the year Beginning inventory First purchase Second purchase Third purchase 20 units at $75 $1,500 45 units at $80 $3,600 = 50 units at $85 = $4,250 35 units at $90 $3,150 Available for Sale 150 units. $12,500 The company uses the periodic inventory system. There are 45 units in the physical inventory at the end of the year The value of ending inventory using FIFO is a. $3,500 O b. $4,000 c. $3,750 d. $8,500