Shoot-em Dead Ammunition Supplies Company uses the periodic inventory method for tracking their inventory of armor-piercing bullets and had the following inventory information available: Cases Cost per case Total Cost 1f 1 Beginning Inventory 100 $4.50 $ 450 1120 Purchase 400 $5.00 2,000 725 Purchase 200 $7.40 1,480 1020 Purchase $8.00 2.400 E $6,330 A physical count of inventory 011 December 31 revealed that there were 400 boxes on hand. Instructions Answer the following independent questions and show computations supporting your answers. 1. Assume that the company uses the FIFO method. The value of the cost of goods sold for the year is $