Quick Quiz 5-4 (similar to) Fabulous Frames Frame Shop wants to know the effect of different inventory costing methods on its financial statements. The company uses the periodic inventory system, Inventory and purchases data for June follow Units Unit Cost Total Cost Jun 1 Beginning inventory 2,000 $ 12.00 $ 24,000 4 Purchase 1,200 $ 13.10 15.720 9 Sale (1,500) if Fabulous Frames uses the FIFO method, the cost of the ending inventory will be A $18,000 DB $18,300 $15.720. D. $21.720