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Sheffield Company uses a periodic inventory system. Details for the inventory account for the month...

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Accounting

Sheffield Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price Total Balance, 1/1/20 250 $4 $1000 Purchase, 1/15/20 150 5.40 810 Purchase, 1/28/20 150 5.70 855 An end of the month (1/31/20) inventory showed that 200 units were on hand. If the company uses FIFO, what is the value of the ending inventory?

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