Tammy Company uses the periodic inventory system to account for inventories. Information related to Tammy Company's inventory at October 31 is given below. October 1 Beginning inventory 390 units X $9.60 - $3.744 8 Purchase 805 units X $10 20 = 8.211 16 Purchase 600 units X $10.80 = 6,480 24 Purchase 195 units X $12.00 2.340 Total units and cost 1.990 units $20.775 (a) Value the ending inventory using the FIFO cost assumption if 500 units remain on hand at October 31. (Round answer too decimal places, e.g. 5,275.) Ending Inventory $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for later