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The Malibu Shop shows the following data related to itern Y27: Inventory, February 1 100 units @ $7.00 Purchase, February 9 200 units @ $7.60

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The Malibu Shop shows the following data related to itern Y27: Inventory, February 1 100 units @ $7.00 Purchase, February 9 200 units @ $7.60 Purchase, February 19 150 units @ $7.90 Inventory, February 28 200 units Instructions Using the FIFO cost formula, what value should be assigned to the ending inventory of item Y27

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