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 400 units $13.00 - $5,200 B Purchase B00 units $13.40 - 10,720 16 Purchase 600 units @$13.80 - 8,280 24 Purchase Total units and cost 200 units @ $14.60 - 2,000 units 2.920 $27.120 (a) Determine the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31 Ending inventory $ eTextbook and Media, Save for Later Attempts: 0 of 3 used Submit Answer