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Section.4 Inventory.Valuation (5.Marks) Player Company made the following merchandise purchases during the current year:- Jan.1:-May.1:June1:Oet.1:380unitsat$15.00270unitsat$20.00300unitsat$24.00250unitsat$30.00 There was no beginning inventory. but ending inventory consisted of

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Section.4 Inventory.Valuation (5.Marks) Player Company made the following merchandise purchases during the current year:- Jan.1:-May.1:June1:Oet.1:380unitsat$15.00270unitsat$20.00300unitsat$24.00250unitsat$30.00 There was no beginning inventory. but ending inventory consisted of 400 units. If Player uses the FIFO method and the periodic ' inventory'system, ' what would be the cost of the 'ending inventory

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