Summertime had the following data for the month of March Beginning inventory March 1 March 19 purchase March 27 purchase 31 units at $16 per unit 204 units at $25 per unit 198 units at $27 per unit During March Summertime sold 398 units. Determine the cost of ending inventory Summertime would report on March 31st assuming the company uses FIFO method and the periodic inventory system