The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Fiskie, Inc., for an operating period Units Unit Cost Total Cost Units Sold 50 $31 $1,550 Beginning Inventory Sale no. 1 Purchase no. 1 Sale no. 2 Purchase no. 2 Totals 40 30 25 750 32 40 880 120 $3,180 72 Assuming Fiskie, Inc., uses FIFO periodic inventory procedures, the ending inventory cost is Select one: A. $ 1,080 0 B. $1,488 C. $1,056 D. $1,200 E. None of the above