Suppose that Patagonia Inc. uses the periodic inventory system to account for inventories and has the following information at January 31: January 1 Beginning inventory 200 units @ $17.00- $3,400 8 Purchase 1,000 units @ $17.40 - 17,400 16 Purchase 400 units @ $17.80 = 7,120 24 Purchase 400 units @ $18.60 - 7,440 Total units and cost 2,000 units $35.360 (a) Determine the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31. Ending inventory $ Save for Later Attempts: 0 of 1 used Submit