Solve the following problem.

Problems Mildred Company is a wholesaler of ofce supplies. The FIFO periodic inventory is used. The entity reported the following activity for inventory of calculators during the month of August: Units Cost August 1 Inventory 20,000 36.00 7 Purchase 30,000 37.20 12 Sale 36,000 21 Purchase 48,000 38.00 22 Sale 38,000 29 Purchase 16,000 38.60 What is the ending inventory on August 31