Question 25 Rudolf Diesel Company's inventory records show the following data: Inventory, January 1 Purchases: June 18 November 8 Units Unit Cost 15,000 $4.50 13,500 4.00 9,000 3.50 A physical inventory on December 31 shows 12,000 units on hand. Under the FIFO method, the December 31 inventory is $54,000 $43,500 $42,000 $48,000