Use the following to answer questions 7-17 During September, SAM Company sells 2,750 mountain bikes for $950 each. The company has the following inventory purchase transactions for January: # of Units Date 1-Sep 7-Sep 19-Sep Transaction Beginning Inventory Purchase Purchase 300 1,200 1,500 Unit cost $629 635 Total Cost $188,700 762,000 966,000 $1,916,700 5:300644 3,000 7. $ For questions 8-10 assume the company uses First-in, First-out (FIFO) inventory valuation. What were company's sales revenue for the period? Calculate ending inventory (FIFO)