• Suppose a company that handles medical supplies has these inventory records for October 2022:

Date Item Quantity Per Unit

Oct. 1 Beg. Inv. 300 $27.00

Oct. 4 Purchase 375 $26.50

Oct. 7 Sale 450 $63.00

Oct. 13 Purchase 330 $26.00

Oct. 19 Purchase 225 $25.40

Oct. 22 Sale 570 $63.75

Oct. 24 Purchase 300 $25.00

Oct. 28 Sale 165 $64.50

The company uses the periodic inventory method. Round answer to the nearest dollar.

Ending Inventory using FIFO is:

$8,643

$9,293

$31,190

$8,670

$8,982