Kindly find the attached question. Please give me a sure solution to get it correct. Thank you.
Sanfillipo, Inc., had 800 units of inventory on hand at March 1, 2006, costing $20 each. Purchases and sales
of inventory during the month of March were as follows:
400 units @ $22 each
400 units @ $24 each
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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