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Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2018, costing $20...

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Accounting

Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2018, costing $20 each. Purchases and sales of inventory during the month of March were as follows:

Date Purchases Sales
March 8 600 units
15 400 units @ $22 each
22 400 units @ $24 each
27 400 units

Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of inventory at the end of March applying the FIFO method is:

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