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Vale Corp had the following purchases and sales over the year. Date Units Unit Cost Total Cost Jan 1 Beg. Inventory 600 $8 $4,800 Apr

image text in transcribed Vale Corp had the following purchases and sales over the year. Date Units Unit Cost Total Cost Jan 1 Beg. Inventory 600 $8 $4,800 Apr 8 Sale 550 Jun 5 Purchase 300 $9 $2,700 Aug 12 Purchase 700 $6 $4,200 Nov 20 Sale 1000 Dec 30 Purchase 450 $11 $4,950 Calculate Ending Inventory (in dollars) as of December 31 under FIFO and pe method

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