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The following units of an inventory item were available for sale during the year: 12 units at $47 15 units at $52 27 units at
The following units of an inventory item were available for sale during the year: 12 units at $47 15 units at $52 27 units at $58 18 units at $64 Beginning inventory First purchase Second purchase Third purchase The firm uses the periodic inventory system. During the year, 43 units of the item were sold. The value of ending inventory using FIFO is O$1,790 O$2,354 O$1,432 O $2,570
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