Question 19 (5 points) Spartan, Inc uses a periodic inventory system and has provided following information about one of its printers. Date 1/1 Transaction Beginning inventory Purchase Purchase Number of Units 200 | 100 300 Cost per Unit S 500 S 700 S 800 3/5 7/2 During the year, Spartan sold 500 printers. What was the ending inventory using the LIFO cost flow assumptions? $100,000 O $80,000 $50,000 $70,000