XYZ Company uses the periodic inventory method and had the following inventory information available: Units 1/1 100 Unit Cost Total Cost Beginning Inventory $5 $ 500 20/2 400 Purchase $6 2,400 25/7 200 Purchase $7 1,400 10/10 300 Purchase $9 2,700 1,000 $7,000 A physical count on December 31 revealed that there were 450 units on hand (NOT sold) XYZ Company uses the periodic inventory method and had the following inventory information available: Units 1/1 100 Unit Cost Total Cost Beginning Inventory $5 $ 500 20/2 400 Purchase $6 2,400 25/7 200 Purchase $7 1,400 10/10 300 Purchase $9 2,700 1,000 $7,000 A physical count on December 31 revealed that there were 450 units on hand (NOT sold)