Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 164 17 Purchase 1 170 26 Purchase 1 183 152532 Assume that one unit is sold on July 31 for $251. Determine the ending inventory on July 31 using the first-in, first- out (FIFO) method. 2-342 15171534

Three identical units of Item \\( \\mathrm{K} 113 \\) are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 116417 Purchase 117026 Purchase 1 183 Assume that one unit is sold on July 31 for \\( \\$ 251 \\). Determine the ending inventory on July 31 using the first-in.firstout (FIFO) method