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Widget Co uses periodic FIFO to account for its inventory. The following transactions of Widget S400 took place during the month of February. The opening

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Widget Co uses periodic FIFO to account for its inventory. The following transactions of Widget S400 took place during the month of February. The opening inventory was 1,500 units at a cost of $7.00 each. Feb 3: purchased 1,200 units @ \$6.00 each Feb 12: sold1,000 units @ \$23.00 each Feb 15: purchased 500 units @ $8.00 each Feb 23: sold 200 units @ \$24.00 each What is the value of the ending inventory? $14,000$13,563$13,300$13,768

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