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genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-ass Calculator Use the information below to answer the following question. The following units of an inventory item were available for sale during the year: Beginning inventory First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The value of ending inventory using FIFO is O a. $1,150 b. $1,250 c. $1,350 od. $1,375 .com/ilrn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-ass Calculator The following units of an inventory item were available for sale during the year: Beginning inventory 8 units at $51 First purchase Second purchase Third purchase The firm uses the periodic inventory system. During the year, 36 units of the item were sold. The value of ending inventory using FIFO is a. $1,800 @b. $1,114 Oc. $2,217 d. $1,392 15 units at $55 23 units at $58 14 units at $58 ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionlocator-assig Calculator Use the information below to answer the following question. The following units of an inventory item were available for sale during the year: First purchase Second purchase Third purchase 10 units at $55 25 units at $60 30 units at $65 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold. The value of ending inventory using LIFO is Oa. $1,150 Ob. $1,350 Oc. $1,250 Od. $1,375

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