QUESTION 18 The Jervis company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of Feb, 2020 are given below: Feb. 01: Beginning inventory, 500 units 520 per unit Feb 18 Inventory purchased. 800 units 524 per unit. Feb. 25. Inventory purchased. 700 units 526 per unit The Crisco company sold 1.100 units during the month of February What is the value of the ending inventory using the LIPO method? @ $27.000 O 535.000 124,400 $19.000 None of the above