View Policies Current Attempt in Progress Tammy Company uses the periodic inventory system to account for inventories. Information related to Tammy Company's inventory at January 31 is given below: January 1 Beginning inventory 8 Purchase 395 units x $11.20 - 810 units x $12.00 - $4,424 9,720 16 Purchase 24 Purchase Total units and cost 605 units x $13.00 - 190 units x $13.20- 2,000 units 7.865 2.508 $24,517 Value the ending inventory using the FIFO cost assumption if 600 units remain on hand at January 31. Ending Inventory 8.30PM